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Shoebuy.com CEO Scott Savitz
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A year after Scott Savitz started Shoebuy.com in 1999, it seemed that every dot com company was failing fast (including one of Savitz’s favorites, Kozmo.com). But Shoebuy.com weathered the storm. And now, over ten years later, Savitz took the stage at Shop.org’s Annual Summit to share lessons that have contributed to Shoebuy’s success through the highs and the lows and have positioned the company as one of the largest online footwear retailers in the industry.
Need some inspiring quotables? Check out 5 from Savitz below.
1. Always remember why you got into the business in the first place. “Everyone will tell you how you should be doing your business…but don’t forget why when you started your business it was important to you.”
2. Don’t ever stop innovating and building value. “There are no rules in how you innovate, just that you need to never stop innovating.”
3. Every dollar should be spent as though it is your last; maximize opportunity and minimize risk. “You are not being frugal, you are being smart and responsible.”
4. Go for better than good, be in it to win it; maintain a refuse-to-lose mentality across your entire team. “It is your customers, employees and partners that make you succeed – it is them that allow you to thrive, during good times or bad.”
5. Help others. “Small or big – everything makes a huge difference.”
