Berkonomics

JUNE 25, 2020

But businesses that expose their story to tens of millions of potential customers through the Internet need additional tools. CHURN (% customer cancelling each month). This is calculated by dividing the number of cancellations by the total number of customers before cancellations and multiplying by 100. The lower, the better.

Acquisition 156

Acquisition Statistics Sales Custom 156

TechCrunch LA

MARCH 27, 2021

ServiceTitan now boasts more than 7,500 customers that employ more than 100,000 technicians and conduct nearly $20 billion worth of transactions providing services ranging from plumbing, air conditioning, electrical work, chimney, pest services and lawn care.

SaaS 292

SaaS Glendale Statistics Los Angeles 292

Berkonomics

MARCH 18, 2021

Sometimes, you can reduce your personal risk by taking in other people’s money in various ways, perhaps starting with a consulting contract with a customer, purchasing a going business where profit or loss is known, or spinning off an existing revenue-generating portion of an existing business. So, let’s dig a bit deeper.

Entrepreneur 156

Entrepreneur Resource Statistics Custom 156

socalTECH

SEPTEMBER 16, 2019

Deckard Technologies says it uses real estate data, using data analytics, machine learning and advanced statistical analysis to identify where there might be unpaid property taxes.

Artificial Inteligence 153

Artificial Inteligence Software Technology Riverside 153

Startup Professionals Musings

MARCH 22, 2012

You hear a lot of talk these days about the importance of customer satisfaction, but customer loyalty is the real win. A satisfied customer is necessary, but not sufficient, to be a loyal customer who will come back repeatedly, refer their friends and family to you, and be faithful even when your price is not the lowest.

Customer 104

Customer Custom Startup Competition 104

Startup Professionals Musings

AUGUST 23, 2023

In my experience, these people and process issues are much the same for all business metrics, including sales and customer service, as well as planning for the future demand of your product or service offering. Gather feedback regularly from your team and customers to check for market and perception changes.

Metrics 81

Metrics Demand Statistics Sample 81

Startup Professionals Musings

OCTOBER 21, 2022

Yet according to other statistics, vanishing few of these ever generate a significant profit. The ideal business model is to establish a direct-to-consumer service that enables you to bill the customer directly. Just getting an app accepted into the Store won’t get it found and downloaded by your targeted customers.

Develop 138

Develop Development Platform Mobile 138

Startup Professionals Musings

NOVEMBER 6, 2020

According to recent statistics from the Small Business Administration (SBA), this approach still accounts for 99 percent the businesses out there today. If your passion is customers, you definitely will be happier as a lifestyle entrepreneur. You want to be your own boss, and do things your way.

Statistics 124

Statistics Equity Satisfaction Entrepreneur 124

Startup Professionals Musings

FEBRUARY 12, 2022

How good are you and everyone on your team at proactively scanning the environment for opportunities, emerging trends, and customer feedback? Imbue customer change focus. Provide direct customer contact to everyone, as well as training. If your people and your startup do not change, statistics say you won’t survive.

Startup 116

Startup Training Statistics Summary 116

Startup Professionals Musings

OCTOBER 16, 2023

Projecting financials is a natural extension of the homework every entrepreneur needs to do on customer opportunity size, product costs, pricing, competition and customer value. Check competitor numbers and industry average statistics to get you in the right range. That’s no fun for you, your investors or your customers.

Startup 116

Startup Pricing Sales Statistics 116

Startup Professionals Musings

AUGUST 5, 2023

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. Identify customer executives who need your solution. Reach out to your biggest fans for investor leads.

Statistics 98

Statistics Entrepreneur Funding Social Media 98

Startup Professionals Musings

AUGUST 15, 2022

This gives rise to the personalization and customization that we all want. Analytics will soon drive nearly all business decisions for any company that wants to remain relevant to its customers. Extend data metrics into non-traditional channels, such as email, internal social media, and customer collaboration platforms.

Startup 126

Startup Social Media Entertainment Metrics 126

Tech.Co

DECEMBER 4, 2020

Under Hsieh’s leadership, Zappos revolutionized the apparel industry, and e-commerce in general, by being one of the first to prioritize customer satisfaction and service. To build trust in e-commerce with the greater public, his company came up with innovative ideas and fostered new customer behaviors.

Commerce 207

Commerce Statistics Custom Customer 207

InfoChachkie

JANUARY 20, 2015

Instead, expeditiously pick a reasonable moniker and then get back to work delivering value to your customers. In all cases, these names were derived by the Founders, without the involvement of consultants, MBAs, focus groups, statistically valid surveys or other hindrances to a startup’s ability to make quick, sound decisions.

Custom 100

Custom Customer Technical Review Software Review 100

Startup Professionals Musings

APRIL 14, 2023

Either could improve the statistic that half of startups fail within the first five years. You probably realize that the leading edge is very near the bleeding edge, where only early adopter customers dare to tread. On the other hand, if you wait for competitors to get there first, you may be left in the dust with no customers.

Startup 135

Startup Entrepreneur Statistics Course 135

Startup Professionals Musings

FEBRUARY 13, 2021

Major innovation, with major payback, requires real change, addresses a major pain point, and hits a large customer segment who can pay. Even in this era of a pervasive Internet, your customers won’t find even the best new solutions by default. For example, smart entrepreneurs look for recognizable patterns in disconnected domains.

Startup 162

Startup Metrics Ideas Entrepreneur 162

Startup Professionals Musings

APRIL 16, 2023

Contrary to popular opinion, viral marketing has not eliminated the need for old-fashioned lead generation to bring customers to a startup. Display ads on mobile devices, including video and audio, also offer a new opportunity to reach target customers. Display advertising. Email marketing. Yet it is more alive than ever before.

Marketing 114

Marketing Invest Social Media SEM 114

Berkonomics

OCTOBER 28, 2021

This insight is like a Hans Christian Anderson parable, but aimed at you and your business… There are big fish and small fish, potential customers, all swimming in the sea that is your potential marketplace. Is this a problem or an opportunity? You, the lonely fisherman, must weave a net to catch your fish.

.Net 156

.Net Statistics Marketing Research 156

Startup Professionals Musings

NOVEMBER 22, 2020

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. Identify customer executives who need your solution. Reach out to your biggest fans for investor leads.

Funding 173

Funding Tips Startup Statistics 173

socalTECH

JANUARY 7, 2013

Among other statistics, CallFire said it billed its customers for more than 185 million minutes in 2012; the firm offers up those minutes starting at 3.5 Callfire was a provider of calling and telephony services to many political campaigns during the election cycle, and is also used by companies for emergency communications.

Santa Monica 173

Santa Monica Statistics Startup Report 173

Berkonomics

SEPTEMBER 4, 2014

Sometimes, you can reduce your personal risk by taking in other people’s money, starting with a contract from a customer, purchasing a going business, or spinning off an existing revenue-generating portion of an existing business. Even then, the risks of having enough cash to fund daily operations or growth can be daunting.

Resource 184

Resource Statistics Custom Customer 184

Startup Professionals Musings

AUGUST 25, 2023

To keep you out of this statistic, I recommend the following steps to all aspiring business owners as they step into this new and exciting world of managing your own business: Solidify your funding plan before you start spending. These are necessary to attract customers, investors, and give you a line of defense with competitors.

Social Media 98

Social Media Metrics Media Tool 98

Startup Professionals Musings

SEPTEMBER 15, 2018

Use your favorite search engine and keywords describing your solution to find online sales reports, trade association statistics, and online newsletters with the latest statistics. Conduct your own customized market research. Modern libraries are still worth a visit. Explore municipal development resources.

Research 87

Research Marketing Statistics Report 87

Berkonomics

AUGUST 1, 2013

But businesses that expose their story to tens of millions of potential customers through the Internet need additional tools. CHURN (% customer cancelling each month). CHURN (% customer cancelling each month). A simple statistic which can be derived from a good general ledger using GAAP accounting procedures.

Acquisition 189

Acquisition Statistics Sales Custom 189

Startup Professionals Musings

MARCH 6, 2020

The result is that you often take a big financial hit, and lose key customers, before you realize that the change didn’t work. For example, several years ago Apple was so convinced that their new Apple III model would be a winner that they rolled it out broadly, rather than do a controlled release first with some key customers.

Sample 124

Sample Custom Customer Tool 124

SoCal Tech Calendar

JANUARY 18, 2013

We will cover how Facebook ads work, how to create and manage a campaign, and how statistics can be used to optimize your results. We will review the history of online advertising and discuss the opportunities this channel presents for turning fans into customers. See [link] (more)

Statistics 100

Statistics Advertising Sites Custom 100

Startup Professionals Musings

AUGUST 19, 2022

It’s the same for customers and products, where analytics have long proven their value. Efficiency in the workplace is the time it takes to do something, but it can ignore work quality and customer impact. Common sense and emotionally driven decisions are sub- optimal in assessing team members.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

OCTOBER 1, 2010

You hear a lot of talk these days about the importance of customer satisfaction, but customer loyalty is the real win. A satisfied customer is necessary, but not sufficient, to be a loyal customer who will come back repeatedly, refer their friends and family to you, and be faithful even when your price is not the lowest.

Satisfaction 49

Satisfaction Customer Custom Startup 49

Startup Professionals Musings

MAY 6, 2020

For example, Lyft and Uber were able to capitalize on the current ride-sharing trend worldwide by tracking statistics that indicated reduced interest in car ownership by millennials, lack of parking spaces, and auto ownership costs moving up rapidly. You need to build a vision of the future that can become a self-fulfilling prophecy.

Startup 124

Startup Statistics Custom Customer 124

Startup Professionals Musings

JANUARY 9, 2022

Start by reviewing current statistics, like the recent Social Media Marketing Benchmark Report 2022 , to learn which social media sites are most popular, which features drive the most impact today, and how other social media marketers have maximized their efforts and seen the greatest ROI. Pick the ones that fit your desired outcome.

Social Media 135

Social Media Framework Media Metrics 135

socalTECH

MAY 5, 2010

According to IHS, it will use the acquisition of Quantitative Micro Software (QMS) to give its customers access to a more comprehensive set of solutions. QMS develops a software package used for statistics, forecasting, and modeling by corporates, government agencies, researchers, and academics. in a deal worth $40M.

Software 153

Software Statistics Acquisition Research 153

Berkonomics

SEPTEMBER 19, 2019

If so, is it one critical customer or a trend? Is it time to focus more resources upon collections, credit research, or even time to “fire some customers” who continually break your rules or take up too much of your resources? A missed cash discount by your accounting department probably means that cash flow is getting tighter.

News 120

News Statistics Resource Sales 120

Startup Professionals Musings

JANUARY 24, 2020

Yet according to other statistics, vanishing few of these ever generate a significant profit. The ideal business model is to establish a direct-to-consumer service that enables you to bill the customer directly. Just getting an app accepted into the Store won’t get it found and downloaded by your targeted customers.

Mobile 126

Mobile Develop Development Platform 126

Startup Professionals Musings

FEBRUARY 5, 2021

If you don’t have a destination, don’t waste your money trying to get there, and don’t expect anyone to support you along the way Projecting financials is a natural extension of the homework every entrepreneur needs to do on customer opportunity size, product costs, pricing, competition and customer value. Marty Zwilling.

Startup 147

Startup Pricing Sales Statistics 147

Startup Professionals Musings

AUGUST 18, 2023

Historical and current statistics still show the chances of failure on any given startup are better than even. When you are starting a new venture, raising capital, and landing those initial customers, the obstacles keep coming, so you need all the flexibility and resilience you can muster.

Startup 102

Startup Satisfaction Entrepreneur News 102

Startup Professionals Musings

JANUARY 11, 2023

Shocking statistics, like unexpected losses last quarter, can generate a knee-jerk cost cutting decision, when further analysis and creative thinking might better close the gap with new revenue sources. Sales people tend to remember the latest product when selling to clients, not the one best for that customer. Failure to learn.

Marketing 119

Marketing Metrics Statistics Demand 119

Startup Professionals Musings

SEPTEMBER 25, 2023

Yet surprisingly, according to statistics on the Fundable crowdfunding site, friends and family are the major funding source for entrepreneurs, investing over $60 billion in new ventures per year, almost triple the amount coming from venture capital sources. Build a prototype first on your own time and money.

Startup 109

Startup Funding Equity Invest 109