2 minutes Read In our last blog, we discussed the following sections:  The difference between a sales funnel and a relationship funnel What is the need for relationship funnels? We also saw the first two ways of creating a relationship funnel. They were defining a customer profile, and niche marketing.  In this part, we are going to cover the rest of the ways to cultivate a relationship funnel.  Speak their language Go to your value proposition or mission statement as a starting point. There will be some terms or classifications you chose to describe your company that will also be appealing to customers. […]

2 minutes Read What is the primary aim of a sales department? Getting more customers. And one of the most effective ways to do that is by establishing relationship funnels. These relationship funnels are a way to prioritize an actual connection with your customer base.  The main focus while building a relationship funnel is providing value and teachings so that you can become a trustworthy source for your audience. And once they trust you as a source, they will be ready to come to you for whatever problems they are facing.  If you have created a beautiful relationship between you and your clients, […]

3 minutes Read  In the previous part, we saw the basics of what a cap table is and why it is important. Now, it is time to move on to the next chapter.  Let’s check out some of the best ways to sustain a cap table for your investors:  Keep updating the table Keep your cap table straightforward and well-organized to get the most value out of it. Make sure that the cap table must always be current.  This entails updating any alterations caused by events like adding new shareholders, transferring shares between shareholders, exercising stock options, repurchasing shares back from the corporation, […]

2 minutes Read Starting a business is a huge undertaking. To establish steady traction and growth, one requires a brilliant idea, plenty of effort, and innovation. Additionally, when the business expands, it hires new employees and may decide to provide stock options in order to entice new hires and financial backing from investors. All of this information is included in a document known as a cap table. You may handle business decisions strategically with the use of a cap table. Are you curious about a cap table, its significance, and how to keep one in order to grow your company? Let’s start now. […]

2 minutes Read We have reached the last leg of our journey with business models. So far we have seen ten types of business models. We still have five to go.  11. Low-touch Example: IKEA Companies that use a low-touch business style charge less for the services they do offer. Budget airlines and retailers of furniture like IKEA are two of the best examples of this type of business model. The low-touch business model dictates that in each of these scenarios, clients must either pay for additional services or perform some tasks on their own to keep costs low. 12. Marketplace Example: Airbnb […]

2 minutes Read This is the second chapter in the series on understanding the various business models. In the first article, we saw the following business models:  Advertising Affiliate Brokerage customization Now, let us look at some more!  5. Crowdsourcing Example: Kickstarter You are crowdsourcing if you are able to assemble a sizable group of people to provide material for your website. Although there are many other variations of the model, crowdsourcing business models are most typically used in conjunction with advertising methods to create revenue.  For instance, Threadless allows designers to submit t-shirt designs and pays them a share of sales. The […]

2 minutes Read The biggest hurdle you’ll have when beginning a business is unquestionably understanding the problem you are solving for your clients. Customers must desire the thing you are selling, and it must also address an actual issue. But developing a successful business requires more than just making sure your product meets consumer demand. Finding a way to make money is the other essential component. Your business model is now relevant in this situation. What is a business model?  The strategy your company uses to generate revenue is called a business model. It explains how you provide value to your customers at […]

4 minutes Read There is no doubt that starting and maintaining a business requires a lot of labor. But it also offers a lot of rewards. And having a business plan is one of the most crucial things you can do to improve your chances of success. Regardless of the size or age of the organization, a business plan is a fundamental document that must be included. A business plan assists you in reaching significant milestones and expanding in the proper directions, from luring possible investors to maintaining your company’s orientation. That being said many entrepreneurs find the task daunting and wonder whether […]

2 minutes Read SaaS (Software as a Service) has grown to be a very popular approach for the creation of new software products over the past ten years. Product development expenses make up the bulk of a SaaS company’s startup expenditures. This covers the creation, creation, release, and improvement of the SaaS application. Luckily, there are some steps business owners can take to optimize their development costs. Let’s find out what they are! Optimizing SaaS Development Costs Your expenditures can be better handled if you have a thorough understanding of the SaaS product development process. We’ll talk about several key techniques for streamlining […]

2 minutes Read When it comes to valuing company interests in the community, the rule of thumb has a long history in the business sector. Shareholders estimate the approximate values of their interests using industry standards and general guidelines in order to save on the costs associated with formal valuation reports. This method operates in accordance with various situations where the rule of thumb may be more or less useful. Today, we will cover what exactly it means and where to use it.  What are the rules of thumb and business valuation?  A company’s interest may be materially undervalued or overvalued using valuation […]