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10 Reasons why you need an eCommerce Mobile App Business
- Why is a mobile app crucial for startup success in e-commerce?
- Why do you need a mobile app for your e-commerce portal?
- What are the factors to consider for e-commerce app development?
These are the top questions retailers and sellers raise every time. And we’re here to answer these questions in detail. So let’s first begin a quick introduction and then the top 10 reasons why you should create your e-commerce mobile app.

Do you know that 78% of users use mobile apps to buy anything?

The online shopping craze has increased today. The big factor is a mobile app.

Mobile increased the consumption of online shopping. Use some measures and devices that help you to improve e-commerce sales.

Mobile has been designed in such a way that increases the user’s attention. Mobile screens make a fast performance so it is very close to the users.

Users are preferred to do online shopping via mobile platforms. It is evaluated that in the coming next 5 years the e-commerce industry will be increased.

Social media plays a determined role in evoking users’ interest and pushing them to go for more buying. The ‘buy buttons’ hover on Facebook, Pinterest, and Instagram psychology raises human interest in shopping and excitement.

Apart from that mobile devices have become a convenient factor for shopping and payments like paying bills, money transfers, ordering food, and others.

In this blog, we’ve outlined the focus of why you need an e-commerce mobile app.

Top 10 Reasons Why You Need an E-Commerce Mobile App

Here is a quick guide that helps your decision for making an e-commerce mobile app. Although the market is competitive there is less scope for random apps. You should come into the marketplace with good research.
- Mobile commerce is trending
In recent years, it has been visibly seen that sales completely changed with the usage of mobile apps. The reason is simple. As mobiles are always just a hand far away. But it does not happen with laptops and desktops.

Check the sales report, and find those devices that customers are using timely.

Find stats on e-commerce mobile stats.

It is expected that retail m-commerce sales will increase to 43.4% with a growth of 1.6% from the previous year.

*Mcommerce is nothing but mobile commerce which is shopping on mobile.

Mobile expands our reach and with plenty of web apps available, mobile is becoming the most extraordinary thing to do shopping. The number of mobile apps is currently 5.22 billion at present. This increases the total time spent on mobile to 234 minutes in 2021. Every 3 out of 4 customers are likely to do their shopping on mobile.

You can take food, ride a cab, do yoga, buy clothes, and whatnot.

Across every industry, the usage of mobile has increased.

Find out here: How to Build an App in 2023? 10 Steps to Develop an App from Scratch
- Consumers prefer mobile apps as their real partners
A mobile-friendly website is an absolute need for you to develop trust in your users.

Let’s check out how to make a user-friendly website to enable consumer-driven and enticing websites.

While many customers complain about the bad mobile interface that interrupts their whole journey and experience. This situation forced them to decline the platform. E-commerce platforms are heavy to load, which increases the user waiting time on the app or website, and that prevents them from waiting further. There should be some solid e-commerce mobile app or channel that does not take more than 2 seconds to load.

What could be the solution? To improve the user experience and their presence on the mobile app or website, you must make your platform as simple as possible. This is the only way you can increase your e-commerce sales.

Here are the 116 Brilliant Mobile App Ideas for Startups in 2023 for you to check out today.

As a business, you need to understand that your users are your only asset and you should always focus on how to improve their experience on your platform. Please do not neglect your user behavior on your platform. Due to a strong and agile mobile app, you can provide better services to your customers. If you don’t have one then you’ll lose them.

Faster experience and speed is the only factor that the market is in demand for.
- The E-commerce Industry has a competitive edge
It is not necessary to have brands and premium items, but with a unique idea, you are good to go.

Amazon is one of the best e-commerce platforms. Many e-commerce companies came into existence with higher demand. They are self-made and become frontiers in leading every industry, especially e-commerce.

The e-commerce industry has a huge competitive edge. Although it is a big market, many competitors have a plunge of resources to invite potential customers to their websites. In this situation, a mobile app is an ideal way to grab the user’s attention on your platform. But as mobile apps are highly developed by everyone in the industry, your reason does not sound perfect.

Today smaller e-commerce businesses are smartly doing their tactic to captivate users’ attention for a while. They used to sell similar products that users found on Amazon. This enhances the competition to a great extent. But one important factor here is product uniqueness and quality.

Do you find some inspiration to start your eCommerce app now? You can quickly check 105+ E-Commerce Business Ideas for Financial Success In 2023.

Users are smart today. While traveling on your platform, they have already visited other websites. They have had that wow experience in their mind. So if they come to your app or website for the first time, they want that Amazon kind of experience from your desk.

Let’s come to numbers first before planning to take your next move.

Your main motive should be only to improve your KPIs and sales. These are the sales and performance metrics that have formulated key indicators to understand market analytics. This helps the e-commerce industry with a higher consumer conversion rate.

Check out the Top App Analytics Tools of 2022

Mobile is a great tool that calibrates your revenue. Mobile makes users more prone to buy items from their cart than websites.

But why mobile only? Do you have any thoughts about it?

We have come to know after keen research that mobile gives an easy understanding of products and users get a quick glance at your brand and products. A better understanding and insight give a more expanding overall experience to users.

Using the mobile app the user at first decided what he was looking for and had clear thoughts about why they have come for.

Conversions really matter because the final is the sale and revenue that decides your success. That is where the mobile app takes the nerve above anything.

Understand the customer funnel

How many products are viewed by the user, how many products they have added to the basket, and what do they finally purchase?
- The better way to interact with the market
Find out a good way to start communicating with your customers and potential audiences. One such way is to prepare a creative marketing campaign that helps your customers to directly connect with you and understand more about you.

The campaign not only helps you to analyze user intention but also market flows. Understand the customer funnel and answer the questions as to why your customer would remain at your portal every time. The more points you have the better your campaign could be.

*Allow push notifications and other engagement triggers in your app, to connect your user with you easily. 60% are more likely to open notifications than emails or any other pop-ups.

Navigating the users at your channel using some or other tactic is your own call. It is important for your business. As the market is so fluctuating nowadays, especially after the pandemic, today people are more prone to buy things online.

You need to pay special attention to every aspect to get wisely connected with your customers and market.
- Improves personalized shopping experience for the user
Use some personalized tactics to grab the user’s attention.

Prepare a separate database for every new user based on their age, gender, and location. Invite your customers with personal emails.

Today many top platforms have already started giving personalized services to users. Netflix is the best example of that. On its platform, Netflix pitches users based on their location, age, and gender. Once the user hits the app, they’ll get suggestions and trends as per their past history.

It is important to give users personalized preferences and suggestions that they want to see. If you’re in Goa, you’re likely to receive the updates based on your location and the occasion if it is nearest.

Give recommendations to customers based on their past purchase history. Send the user targeted notifications based on their search. This builds up users’ trust in your e-commerce business. The user who repurchases tendency, bookmark such users in a separate database for the future.

Disclaimer: take care of policies while tracking the user’s history.
- Reduce Abandonment Rates
It is a big problem.

Abandonment rate happens when: customers add items to their cart but do not purchase them. The more trouble is that they are very close to completing the purchasing funnel but won’t do it. Such a situation brings so much frustration to e-commerce businesses. But how to overcome it? It is a big question.

Let’s discuss some of the key points of users’ dropout.
1. If the taxes and delivery charges are high
2. They wish some products to lower their price point, so for quick access, they add the item to the cart and wait for its discounted or lower price.
3. If the checkout process is tedious.
4. If the app or website crashes in the middle
5. Won’t be able to take out the courage to trust a mobile app or website.
6. If the website or mobile app has unauthorized payment gateways.
Note: mobile apps are a big reason found where users are more interested in purchasing rather than abandonment.

With the mobile app, user preferences are easily stored inside. So it is easy for e-commerce companies to understand more about the user. And user quickly navigate their choices and are more likely to find the right fit for them.

Increase Retention Rates

It is not always the sale that is crucial for the e-commerce funnel. What is more important than that is how many customers repeat.

It is found in a study that new customers are more expensive to invite to the platform than repeat customers. And that is the retention rate. Just with 5% effort, the sales profit increases to 50%.

Note: according to data, every month 37% of users return to eCommerce and retail apps. That is probably a good fair to make customers buy more.

Increase Customer Loyalty

Well, you have an app, which must be an important factor for you to succeed. I think customer connection is the most important factor for you. Your success will count, only when you are focused.

The soon you have realized that customer loyalty adds value to your business, that time you start heading for your success.

Find out the reasons that could affect your e-commerce business performance well. Offer loyalty programs to the users, to attract them to your e-commerce platform. Inside the loyalty programs, you can add seasonal offers discounts, and first-time offers to drive their engagement in shopping. This becomes possible with mobile apps only.

*Add offers that evoke the user for regular and bulk purchases. For every bulk or regular buying offer some discount to the user. And for the next time, give them a reward for every spending they do in a fixed time.

As per a survey, it is found that people are likely to buy things when they get discounts. This is a psychology that encourages users to make more purchases.

Improve Average Order Value

If you check out some surveys of market e-commerce app analysis, you’ll find out that users are more involved in buying things on mobile devices rather than a big screen like a laptop or tablet.

Mobile gives the user more flexibility and functionality when they do scrolling. This increases the average order value of the user.

Hence, mobile apps are important parameters to scale your business revenue.

An average order value is an important e-commerce metric.

Average order value is calculated; AOV= total revenue/ total orders placed

More conversions increase revenue for you. Increase your engagement rates.

Miscellaneous:

Generally, users like to go where they are treated well. If the platform is aligned with customer preferences and needs, and they are satisfied with it, then users prefer to choose that platform.

Customer experience is an important parameter when you start designing your mobile app. Keep in mind important factors so that your users do not lose interest in your platform.

The customer’s overall experience should be splendid on your platform. There should be one strong reason for them to stay as long at your platform.

With the mobile application, it has become easy for users to easily interact and navigate with your app.

If you want to develop a mobile e-commerce app, check out its development cost. How Much Does An E-Commerce Website Cost?

Final Thoughts!

Once you’ve understood and agreed with the facts and reasons in this blog, you should tie your shoe-less. Start your e-commerce business mobile app development. And don’t worry you are always free to ask us what you are required inside the mobile app.

A mobile app is the most important thing every e-commerce business has. We’ve already discussed the reasons to need an e-commerce mobile app for your business.

Let’s start your app development with an outsourcing team of experts who have years to experience. You can connect with us and get the whole idea of an e-commerce mobile app.

FAQs- Frequently Asked Questions

What are the 5 essential requirements for e-commerce?

The top requirements for an e-commerce mobile app are;

Mobile-friendly experience, smoother in-app third-party support, secured payment system, quick customer support, and customized themes.

Why it is important to develop M-commerce apps?

It is very important to give your customers a surreal experience so that they easily use the mobile app for e-commerce. M-commerce gives a faster experience that ensures customers’ trust in buying and purchasing.

What programming languages are required to develop and customize your m-commerce app platform?

E-commerce is a strong platform that is actually a mobile app for e-commerce. To build a strong platform you need to care about technical functionalities.

Languages: PHP, Database: MySQL, and Framework: Magento/Shopify.

What is the purpose of an e-commerce platform?

An e-commerce platform is one that quickly allows customers to do shopping without fail. While taking care of the sales and KPIs of the platform.

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15/04/2025

The Best 106 Startup Statistics You Need to Explore

What percentage of startups fail? What are some of the best startup statistics? What is a startup? How can I improve or make changes for a successful startup? If you are looking for all these questions answers, We have discussed all the startups. What does the startup need to look for? What are some of the important points that startups must focus on? Continue reading the blog. We have introduced you to the best things you need to know about startup statistics. It does not matter whether you are an app development company in the USA or running another business, small or big. Implementing all the statistics in this blog will help you a lot. So, let us dive deep into the blog to explore startup statistics.

Explained: Startups and Their Top Statistics

All of us have different forms of startups in our minds. You may think that a startup is a five-person team that makes a business run- or has 100 employees with different responsibilities. The employees think they will skyrocket the startup with their work. But here, you must understand that a five-year-old company can be called a startup.

A startup can graduate to a large company. In order to do so, the startup has to acquire more than one company by generating revenue of more than $20 million and having a good number of employees. So the company can be ruined easily by distributing different duties to the employees.

There are several things that we need to focus on. The employees that have been hired will be working for the entrepreneur. Entrepreneurs think their idea to run a business will take the startup to the next level. It’s just a dream right now. It may be risky for some entrepreneurs. They must prepare for all such things by learning every time. There are different stages that you will be facing to have such a risk. However, it has been studied that 10% of businesses get to have success each year. It takes lots of effort and different strategies to take it to the next level, and they have seen the startup failure rate.

There is no doubt that when you go for a startup, you will face the first funding problem. Therefore, the funding for your startup will be from your pocket- for this, your company goal will be different from your capital, right?

Below we have discussed everything you need to know about startups and the problems you will face. All the points are added comprehensively and explained well. So you do not get confused about having the right thing for your startup.

If you are looking for a startup, check out these new trends before starting when you have all the mentioned points in mind. You will have the ideas and tricks to come out of all the problems. Let us see how those mistakes and top tricks will help a startup like yours.

Explore All The Startup Statistics For a Successful Business

Here we have explained every point to you in a comprehensive manner. All the points mentioned in this blog will help you with the successful startup you will start. So, you must implement all these points mentioned below. This way, you will come up with effective strategies for your business. Check out all the points to have the best statistics for your startup, or you can also know them for your knowledge. However, all the points mentioned below are from our experts. You can have ideas and use all the points for a better understanding.

What are startup statistics and trends?

Regarding startup statistics, we have studied the average time between funding its rounds from seed to series A- 22 months. However, series A and B are both 24 months. When we look at the next level of the series. The average time between funding is 27 months.

Carta

47% of startups belong to a series A. They spend around $400k or more than this amount every month.

Fundz

Coming to the next level, the series C. The average funding amount for a series C round is $50 million.

Fundz

As you go to both rounds B and C. You will find that a company will work for 14 to 20 months. But this does not include the capital from a particular company, and this is before bringing in the new capital for a company.

Forbes

Here is the great achievement of the startups in the USA. The startups in the USA generated around 2 million jobs in the country. The results speak for themselves as the startups worked and created job opportunities for millions.

U.S. CB

Moreover, when we look at the data. We found that in the year 2018. At least 30.2 million small businesses were being operated alone in America. It is a huge achievement and creates citizens’ lives easier by developing more jobs with the help of startups in the United States of America.

SBA

Companies raised nearly three rounds when the startups asked to get Series A funding for them. It means there are several steps to creating job opportunities and getting level up.

TechCrunch

Suppose we look at the data of educated entrepreneurs. We have found that at least 95% of entrepreneurs have a bachelor’s degree with them. The entrepreneurs running startups have good ideas and can make good decisions.

Ewing Marion Kauffman Foundation

It may be shocking to know that only 2 startups out of 05 are profitable. The remaining one out of the three startups either broke or may continue to lose money. They kept running the business smoothly.

Small Business Trends

A good number of startups from Series A were funded in 2017. The number of funded startups was 67%, generating revenue already.

TechCrunch

By drilling down, we found that the average Series A in 2010 had $4.9 million. In the future, the amount will reach $12.1 million. It is a good number in Series A.

TechCrunch

We have also found that experience matters a lot. Suppose a person wants to start a startup in their 60s. The 60-year-old is 3x as likely to have a successful startup as a 30-year-old.

Kellogg Insight

The active number of unicorns in the United States of America (USA) was 145, and all that was worth $555.9 billion.

TechCrunch

In 2016, 69% of entrepreneurs in the USA started their businesses at home.

Small Business Trends

What about male-to-women entrepreneurs? Do you know the ratio? We have discussed and mentioned the exact ratio of male entrepreneurs to woman entrepreneurs. The ratio was 10:7 in the year of 2019.

Global Entrepreneurship Monitor

Here is the time of year you pitch, and you get the details of your data. Therefore, the value of your pitch deck is one of the strongest factors. This way, you will be affected by the amount of funding you will receive.

Forbes

It is not hard at all to get started with a startup in the USA. Individuals can start a business within 6 days only.

Dynado

It has been studied that 66% of small businesses will outsource their services to other small businesses.

FreshBooks

Startup Success Rates

The survival rate of a business within five years is mining at 51.3%.

US Census Bureau

If a business person has previous experience- it will be easy for the person to get a 30% chance to succeed in their next venture.

Skill vs. Luck in Entrepreneurship and VC

While talking to entrepreneurs, we have learned that 82% of business owners admit. They have the right skills or qualifications to run a company facing problems with a limited cash flow.

Small Business Trends

You have to pay attention to your customers, and it is important when 14% of startups fail. The reason behind all this was not to regard the customer’s needs.

Fundera

Generating a new successful business has become a challenge for startups.

Statista

Suppose we talk about the success of a business by a previously failed founder and a new founder of a business. The previously failed founder has a 20% chance of having a successful business. Conversely, the new founders have at least an 18% chance of success.

Skill vs. Luck in Entrepreneurship and VC

We know that the USA healthcare startups were the strongest industry, making $36.3 billion in revenue along with Inc. This includes the 5000 companies.

Inc.

The startup failure rate

It has been studied that 90% of startups fail.

Failory

10% of startups fail in the first year of their startup.

Failory

The failure rate of startups across all industries is almost the same.

SBA

It is common to have a startup failure during years two and five, with the 70% falling into the mentioned category.

Failory

Most of the startups’ failures are due to misleading market demand. Or in simple words, we can say that not meeting the needs of the customers looking for a particular thing. We have found this in at least 42% of cases.

CBInsights

One of the biggest reasons we fail a business is not having funding and personal money to run the business smoothly (including 29% of cases).

CBInsights

Another reason we found is to have a weak funding team for a startup. Competitors beat the weak teams.

CBInsights

Startups fail because the competitors are active for a long time.

Failory

The startups did not fail. Their marketing strategies, product price, and unfriendly product marketing were not good. They must be working on all the things mentioned earlier.

CBInsights

In one of the cases in 2019, 82% of the businesses went under because of the cash flow problem.

Fundera

The funding and investors’ facts

We have seen that the individual venture capital firms received more than 1,000 proposals in a year, and it was found that most of them are interested in businesses that need the amount to be invested, which is around $250,000.

Money Crashers

33% of startups with capital for employers have less than $10,000.

SBA 2017

The 12% of startups that have the capital for employer firms is $250,000. Or it is more than this amount.

SBA 2017

When the venture capital funding reached a decade high, it included $155 billion.

KPMG

The 1% of startups involved in a unicorn startup. These involved startups were Uber, Airbnb, Slack, Stripe, Dicker, and other such top businesses.

CBInsights

While looking at the data of male and female founders of the year 2018. The male founders brought in $109.36 billion in VC; on the other side of the coin, the female founders broke the record and brought in $2.86 billion in VC.

PitchBook

We learned that valued at $75 billion, Bytedance, a Beijing-based news, includes the information content platform. They were the top-valued startup by venture capital firms worldwide in March 2019.

Statista

One in four businesses could not receive the funding they needed for them, which brought their business to limited growth.

Fundera

The startups started their business in less amount. The amount was to have at least $5,000.

Small Business Trends

We studied that the small or big businesses’ load, credit cards, and lines of credit account for about 3/4 of financing for the new firms.

SBA

The startup costs statistics

We have seen that one of the startup costs, which is expensive enough, is the payroll. In the USA, the payroll costs for a startup are $300,500. The data include only five employees only.

Smart Asset

Personal funds, at 77%, were one of the most popular financing methods for startups in the year 2018.

Lendio 2018 survey

The popular and large unicorn startups Uber, Airbnb, and others had billions of dollars to become more successful.

PitchBook

The startup equipment costs ranged from around $10,000 to $125,000.

Fundera

When we come to the salary for self-employed individuals, it was $50,347 in the year 2016.

SBA

The businesses like medical offices, manufacturing companies, restaurants, small businesses, and other such businesses need to have more than $100,000 to have a startup.

Small Business Trends

Construction, online retail, accounting, and landscaping need $5,000 for startup costs.

NSBA

Note for a startup team

You may be well aware that 99% of USA businesses are known as small- those have 500 employees to work.

SBA

We studied that it takes at least 6 months to hire an employee for a startup.

Forbes

Startups were found weaker-those reported a high level of previous experience and low levels of passion or collective vision.

Harvard Business Review

The startup owners spend 40% of their time on tasks that do not drive revenue. They spend their time on hiring, payroll, and HR tasks.

Entrepreneur

The most common point to fail in a startup is to have 11 to 50 employees.

Failory

We noticed that two founders escalated the odds for a startup’s level-up with 30% more spending. The data include consumer growth rate and higher likelihood, which result in not scaling fast.

Small Business Trends

Team issues are found to be the most common that lead to the failure of a startup.

Entrepreneur

Startups do not succeed along with experience only. They need soft skills, including shared strategic vision and entrepreneurial passion.

Harvard Business Review

It is found that 50% of businesses have a CFO (Chief Financial Officer).

Wall Street Journal

FinTech startups and their statistics

Both blockchain and cryptocurrency raised $3.9 billion. It was in the first quarter of 2018, which is 280% compared to 2017.

Diar

Instead of adopting new strategies. The fintech startups will look for data-driven and user testing.

McKinsey Panorama Report

The investment for venture capital fintech reached around $30.8 billion in the year of 2018. There was an increase of $1.8 billion from the year 2011.

McKinsey Panorama Report

There was an increase of around 80% in the financial institutions of fintech partnerships.

McKinsey Panorama Report

The investment increase was $1 million into cryptocurrency and blockchain in 2018.

Coindesk

When we look at the increasing number of fintech worldwide- there are 12,000+ fintech startups. The USA alone has 5,779 fintech startups.

Statista

Fintech has 39 venture capital-backed universes worth $147.37 billion.

CB Insights

There was a $512 million VC investment and deal value.

KPMG

There were five new fintech unicorns developed in the year 2018 and two in January 2019.

CB Insights

One of the biggest challenges fintech startups have faced is the cost of customer acquisition.

McKinsey Panorama Report

What are construction startup statistics?

We studied that construction startups have a 53% of failure rate.

Failory

Construction startups got $581.6 million in 2017 and $182.7 million in funding in 2013.

Crunchbase

The investors contributed to 87 deals for construction startups last year.

Crunchbase

Series D round one of the startups Katerra has raised $865 million.

Crunchbase

A new construction company will last more than 5 years, which is 36.4%.

McKinsey & Co. 2016 study

Artificial intelligence (AI) technology will increase by 71%. It is the best opportunity for construction startups.

Small Business Trends

Residential construction is growing in a big number compared to the construction segment.

Accenture

The usage of electric utility construction is 9%.

Tradesmen International

Technology Startups Statistics

It is estimated that the age of tech startup founders is around 39.

Ewing Marion Kauffman Foundation

The USA is counted as the largest tech market in the world, which is $1.6 trillion.

CompTIA

Studies show that America has an average of 20 technology companies established yearly. These companies reach $100 million in revenue generation.

Ewing Marion Kauffman Foundation

The tech startup has the highest business failure rate failure (63%).

Failory

There was a higher rate of tech-based wage growth in the USA- from 2007 to 2016, compared to 20% vs. 3%.

ITIF

You may know that there are ten tech-based industries. These include pharmaceutical, medical device, computer, and semiconductor machinery manufacturers.

ITIF

The data from 2007 to 2016 shows that computer and electronic manufacturing startups have boosted by 78%.

ITIF

The tech-driven ventures deliver the best opportunities. That pays an average of $102,000. Which is more than double the current USA ($48,000).

Forbes

Real Estate Startups Statistics

The real estate startups got $1.9 billion in 2019.

Crunchbase

Proptech, which is also known as property technology. The proptech startups are growing at a good number. The data shows they raised 255 starts.

Statista

Real estate startups have adopted technology like artificial intelligence tools. The number includes REX ($45 million) and Knock ($400 million), and the last one is to have Zillow ($565 million).

Housingwire

The real estate industries got substantial funds into office-sharing startups. This includes the industrious and raised to have $62 million in 2017.

inman

Here the top real estate tool adopted by prop-tech startup CEOs was to have commercial property.

Statista

Proptech supports small businesses and startups, including real estate agents.

inman

As per the data, over $13 billion have been put into numerous prop-tech

companies all over the world.

Statista

What is the future of startups?

It has been seen that unicorn businesses are more and more common. So, seeing all these. We noticed that the rate has increased by 353.1% in the year between 2013 to 2018.

The Wall Street Journal

Suppose the stars or already established businesses need a complete solution. They have to look for a solution. The solution for all these issues is adopting new technology for fast results.

PitchBook

They need to identify that the startups need to have personalized marketing to meet their target audience’s requirements.

Entrepreneur

The coming year will have a good number of startups. They will heavily move towards new technology to avoid keeping up books by disappearing the marketing distresses.

Startup basics

The startup subscription boxes include food, beauty products, apparel, lifestyle, and other products.

Startupbasics

As the different industries will grow, the startups will start to collaborate and come to have partnerships.

Startupbasics

There will be many entrepreneurs from different and top universities worldwide.

Entrepreneur

Businesses are growing and will be living personalized services using various techniques.

LinkedIn

Opinion and Startup Costs

Until you start doing the practical; you would not be able to learn and explore what you are looking to have for you as an entrepreneur. Having practiced in a business will make you learn from it every time. What are startup costs? These are one-time activities to start a new operation activity. Mean some expenditure that you are incurring. What could be some examples of this? Well, it could be that you’re opening a new plant. If introducing a new product or service, you might expand into new territory. What happens when these events occur? Might you incur travel costs? Employee salaries certain accounting. The costs of training costs computer systems and other costs that are related to this one-time activity.

Small Business Trends

You need to look for all the things such as what are the threads you will be facing. What things will be larger for you as a challenge? Know them all and apply the lessons you have gained from learning from others as well. We will find out shortly in addition to the startup cost. When you are operating in a new territory, whether it is the startup cost, the initial cost, or the organizational cost, the reason is simple: generate more revenues. Now is this future revenue guaranteed, and the answer is not; you don’t know. Whether these costs and expenditures will provide future benefits or not, you want them to provide them, but this may not be true.

Failory

When you look for a team to be built. You need to look for the weak points of your company. This will fill up the gap and needs of your business. Know what all those things need to bring. So, an accounting as conservative as conservatism would apply to us. We will expense them. We will expense them and specifically talk from a gap perspective. You need to bear in mind; if you purchase tangible assets such as trucks, vehicles, and buildings.

Failory

You need to research well so that you can know. Who is active for a long time. This way you will be learning more about your industry competitors. Those are still capitalized, although they might be part of the startup cost. Nevertheless, they are accounted for separately. We kept the organizational costs for tax purposes, which is why we kept them separate.

Founder Institute

If you want to hire the right people. You need to look for all those employees that want to change the world. As part of the startup cost, you might be able to expense $5000 and amortize the remaining with certain limitations.

Marc Benioff, CEO of Salesforce

Because for tax purposes, they don’t want you to take the expenses. They want you to take fewer expenses for tax purposes. You are happy to take the expenses, and this is something you want to start to think about. The difference between how you treat a transaction for financial accounting. And for tax and this is the main reason why we wanted to talk about these. Because when it comes to organizational costs.

Iron Paper

You do not have to go for the money, instead, look for the vision you are going to achieve. So if we are looking at organizational costs for tax purposes, it is going to be different. It’s going to be different for the gap and tax. But for the gap, you will expense the tax you are limited to 5000. Then the rest you will amortize. It means your expenses in future years. The difference between the two will create a difference in taxable income.

Tony Hsieh, CEO of Zappos

92% of businesses believe that having a website for a company leads to successful digital marketing for the particular company. The financial income and operating income, how about initial operating losses? What are the initial functional laws? It is when you start the business at the beginning. You are going to be incurring losses. Early on, the companies don’t make a profit. They’re just testing.

Forbes

You as a founder of a startup need to identify the downfall of learning from different lessons. This way, you want to have your own business. You need to implement all the lessons you have gained. The market might have to sell things at a discount to gain market share. They might have high advertising costs and high expansion costs. So they’re going to be incurring a loss. What do we have to do with those losses again for the gap? You’re going to expense them for the tax you will see later. Those operating losses will create future deductions, and that future deductions might create what’s called a deferred tax asset. The point is the startup cost, initial operating cost, and organizational cost for gap purposes. They are expensed for tax purposes and they are treated differently.

Failory

Conclusion

The startup statistics mentioned in this blog will help you; if you have a startup. The statistics for startups let you explore and learn from other startups’ mistakes. So, check them all to have an effective strategy for your startup.

If you are a startup looking for solutions to make things work for you. Our VerveLogic team helps businesses like yours in app development, web application development, and other top services- which makes a good approach to your business target audience.

So, if you plan to develop a website and give digital exposure to your skills, reach out to VerveLogic. Our experts will get to the roots of your requirements and deliver the best-customized solutions. Before you begin with the website, create your brand identity and image using a brand logo. Verve Branding can help you do that most effectively. Lastly, once you’re up with the website, reach your target audience with the help of experts. Hire digital marketing specialists at Verve Online Marketing and boost your business at an accelerated rate.

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13/04/2025

Garmin Connect Plus is not really worth the price just yet, if you ask me

Kaitlyn Cimino / Android Authority

There isn’t a Garmin fitness tracker review that goes by that I don’t talk about how much I appreciate Garmin’s robust companion app. In fact, I usually talk about it as a comparison point when reviewing other brands as well. Garmin Connect Plus introduces a broad range of new features to the already excellent app, as well as a subscription fee, and while I’m not thrilled about the latter, I do like the suped-up app experience.

How to activate Garmin Connect Plus

Kaitlyn Cimino / Android Authority

Garmin Connect Plus takes the brand’s fitness tracking up a notch with personalized insights, customizable dashboards, added safety features, and more. However, these upgrades come at an additional $6.99 per month (or $69.99 annually). Fortunately, none of the existing features are locked behind the new paywall. If the new tools don’t catch your eye, you can continue using everything you love about Garmin Connect for free.

You can also try out Connect Plus before committing, thanks to a 30-day free trial. Just access the service through the regular Garmin Connect app, and subscribe to unlock all the premium features. As always, Garmin’s ecosystem is available to both Android and iOS users.

While Garmin has offered paid services before, this is the first time they’ve added a subscription fee to their core features. While I’m glad the basics remain free, I do wish they’d offer a longer trial period for the premium tools. A month isn’t enough to fully judge whether these upgrades are worth the extra cost, especially considering the price of Garmin trackers and smartwatches. Even Apple offers a three-month trial of Fitness Plus before asking users to fork over cash.

Garmin Connect Plus features

Kaitlyn Cimino / Android Authority

I was cautiously excited about Garmin Connect Plus from the moment it launched and have since given the new features a try. Though not all the features feel completely refined, I am happy overall with the added value each brings to my training experience.

Active Intelligence powered by AI
AI is all the rage in wearables, and for good reason; these tools have a ton of potential. Garmin’s model, dubbed Active Intelligence (because AI by AI isn’t redundant…) uses your health and activity data to offer suggestions, and over time, learns from your data to get better at tailoring tips to your goals. However, it still feels a bit basic and isn’t always super relevant. AI is still in beta, so I’m hoping it’ll improve with more time, but right now, it’s not as powerful as it could be.

Performance Dashboard
A web-based-only feature (so not available on your smartphone), Performance Dashboard is Garmin’s new highly customizable data presentation screen. The dashboard allows users to completely tailor activity reports, with more than 100 elements to play around with, so you can build a data screen that matches your priorities. The tool also produces new charts and graphs leveraging the same accurate data into a more digestible form. I appreciate how the dashboard highlights comparisons and makes it easier for me to track my progress long term.

Live Activity
Garmin’s new Live Activity feature is a cool addition, letting you send real-time workout stats from your watch to your phone. It works indoors during structured, non-GPS workouts, and it’s especially useful for gym, strength, or core workouts where checking your watch mid-set can be a hassle. I really like it for rowing because I can set my phone up on a stand in front of me. For some structured workouts, you’ll get animations and rep counts and can control the workout from your phone (aka skip burpees). It’s useful for sure, but if I’m honest, doesn’t feel like it should be a paid feature.

Kaitlyn Cimino / Android Authority

Social features
Garmin Connect Plus also introduces new badges and challenges, adding a socially motivating layer to the premium service if that’s what gets you going. Despite the fact that I desperately wanted to be a Boy Scout as a child, I’ve never been one for app badges, so this doesn’t necessarily feel like a deal-breaking addition for me.

Additional Garmin Coach guidance
I am a big fan of Garmin’s coaching programs and have long applauded that the service is a free one. According to the company, Garmin Connect Plus enhances Garmin Coach with exclusive content and guidance, but I haven’t yet encountered a difference in my experience. My guess is that you need to start a new program and use it long enough for the new features to kick on.

LiveTrack
Garmin’s updated LiveTrack feature is another solid upgrade for sharing your activities. Now, when you start a workout, followers get notified via text instead of email, which feels more immediate. You also get a dedicated LiveTrack profile page that automatically updates with your activities, plus the ability to customize your privacy settings and URL. While it’s a useful feature, I always feel weird about safety features being commodified. I would have liked to see Garmin make these improvements free for all.

Conclusion: Is this worth it?

Kaitlyn Cimino / Android Authority

Overall, Garmin Connect Plus offers solid upgrades, but whether it’s worth the $6.99 per month depends on how much you value the extra features. The enhanced analysis, customizable dashboards, and added safety tools are great for serious athletes, but some features could use refinement. For example, the personalized insights are a nice touch but not as useful as I expected. That said, the potential is there, and Garmin consistently delivers exceptional training tools.

It’s hard to ignore the trend of more apps moving toward subscriptions, which is a bit disappointing. Before committing, I’d recommend testing it out with a free trial. While you’re at it, remember that other premium apps, like Strava, offer robust tool kits for athletes as well, so it’s worth comparing what’s available. Personally, I’m already invested in the Garmin ecosystem. Garmin Connect Plus just feels like a logical next step for me. If you’d prefer to keep your wallet closed, the free version still offers plenty of value.

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12/04/2025