Co-Founder, Prasanta...ย โขย 1y
Startup solves a new problem operating in highly uncertain environment. Business is just replicating existing solutions with better offerings and focus on more profitability.
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Profitability Metrics These are the stages of profitability every founder should be familiar with (Refer the table below) In the beginning, Start with Contribution margin (CM)- measure if your revenue covers variable costs. Next, target transacti
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Your Partner in Web,...ย โขย 2m
Instead of spending too much time talking, focus on taking action. Work on building something meaningful, something that not only inspires people but also makes their lives easier. Whether itโs solving a real problem or improving an existing solution
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Porter's Five Forces Analysis Porter's five forces framework is a method of analyzing the competitive environment of a business. The five forces are: 1] Competition: Intensity of rivalry among existing competitors, influencing pricing, profitabil
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The Clueless Companyย โขย 1y
Most SaaS companies spend 90% of their resources trying to acquire new customers, but only 10% on retaining them. Surprising, right? ๐ โ Your most valuable sales reps are your current satisfied customers. โ Retention boosts profitability by 25-95%
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The Clueless Companyย โขย 1y
Every entrepreneur has two choices: 1. Carry the weight of existing solutions and try to fit in. 2. Redefine the problem and create a new solution. Most choose the first path, hoping to succeed by tweaking what already exists. But real innovation?
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