ReadWriteStart

MARCH 8, 2021

While there’s nothing inherently wrong with this approach, and you do need customer acquisition to help your company grow, it often neglects an important counterpoint: customer retention. . Customer retention is the practice of ensuring that your current customers stay with your brand and/or continue buying from you in the future.

Startup 127

Startup Retention Acquisition Agile 127

ConversionXL

FEBRUARY 3, 2022

Two-thirds of an organization’s business comes from existing customers, so pay attention to them. You can calculate retention using the following formula: Customers at the end of the period – new customers gained within the period / the number of customers at the beginning of the period x 100 = customer retention rate.

Retention 113

Retention Marketing Acquisition Channel 113

VC Cafe

JANUARY 24, 2023

With the increasing competition in the mobile gaming market, developers are recognising the need to keep players engaged and invested in their games for longer periods of time in order to drive monetisation and retention. What events sparked the major revolutions in business models and distribution? /1

Generative AI 103

Generative AI San Francisco Technical Review Europe 103

Hearpreneur

DECEMBER 28, 2022

It may not even be necessary to change my business model, just having a digital storefront may be enough to get people back to shopping. 20- Client retention. In the next year, I will be pivoting my business to focus more on client retention. 22- Customer retention. 18- Expand speaking engagements.

Social Media 119

Social Media Entrepreneur Retention Finance 119

Transformify

FEBRUARY 16, 2023

Keeping Track of Employee Retention: Why it Matters Maintaining low employee turnover rates can bring numerous advantages to your business. It is a crucial aspect to keep your business running smoothly and successfully, as high turnover rates can result in increased costs, effort, and time spent on recruitment and training.

Retention 52

Retention Employee Salary Global 52

Gust

JUNE 8, 2023

You should know EVERYTHING about your business, product, customers and competition. You should know every metric regarding customer acquisition, conversion and retention. You should have a crystal clear understanding of your business model and your financials.

Retention 202

Retention Acquisition Metrics Business Model 202

ReadWriteStart

JUNE 8, 2021

But with efficient employees, your costs decrease, customer loyalty increases, and your business model will have a much better chance of success. You’ll need to think about employee retention. But many of the strategies that boost employee productivity will also boost retention by proxy.

Employee 127

Employee Product Startup Software Review 127

Steve Blank

MAY 6, 2015

These hypotheses span the gamut from who’s the customer(s), to what’s the value proposition (product/service features), pricing, distribution channel, and demand creation (customer acquisition, activation, retention, etc.). activities necessary to implement the business model. cost structure resulting from the business model.

Lean 120

Lean Agile Business Model Customer Development 120

Board Effect

DECEMBER 23, 2022

A workforce planning model outlines strategies for the main components of workforce planning which include: Recruitment. Whether your workforce planning model consists of a simple spreadsheet or a digital system that collects and analyzes a lot of data, your model will guide you through a systematic assessment of your workforce.

Software Review 52

Software Review Technical Review Retention Employee 52

YoungUpstarts

JANUARY 29, 2019

Where there are windows, window cleaners will be needed – this fact bodes well for business owners who specialize in this essential service. If you’re looking for ways to take your window cleaning business to new heights in 2019 , implement some of these strategies into your business model, and watch the profits roll in.

Technical Review 104

Technical Review Social Media Software Review Retention 104

ReadWriteStart

JANUARY 25, 2020

On the topic of ecommerce, one wonders to what extent this business model is applicable, and where is it likely to end? It’s the extent of this phenomenon that has resulted in soaring businesses across the world. This is where customer retention comes into play. million annual customers.

eCommerce 152

eCommerce Technical Review Social Media Analytics 152

YoungUpstarts

JANUARY 7, 2018

The digital revolution is disrupting the traditional business model for small and medium businesses (SMBs). CMOs who employ AI-powered marketing report significant gains in customer retention, engagement, and lifetime loyalty. by Humberto Farias, CEO and co-founder at Concepta.

Artificial Inteligence 143

Artificial Inteligence Analytics SCRUM Cofounder 143

Startup Professionals Musings

MARCH 25, 2023

Most modern investors still look for a business model that embodies a gross margin over 50%, and a net margin in the 20% range. A healthy business, ready to scale, has been doing this for a year or more, with an existing customer set generating a non-trivial and growing revenue stream.

Valuation 235

Valuation Revenue Viral Retention 235

YoungUpstarts

DECEMBER 23, 2014

Seeing the bigger picture and focusing on the impact your business will have on the community will help you develop an internal culture that attracts loyal employees and customers. Every business owner should strive for a 100% percent client retention rate. Unfortunately, if your business model fails, , so does your business.

Leadership 251

Leadership Business Model Retention Advertising 251

SoCal CTO

MARCH 11, 2010

This aligns with understanding the the core business model: Get Users (= Acquisition, Referral) Drive Usage (= Activation, Retention) Make Money (= Monetize) (and Lifetime Value is a good one) Of course, that’s a big part of what the investor wants as well. Part of those questions are around Startup Metrics.

Metrics 159

Metrics Startup Retention Software Developers 159

Startup Professionals Musings

JUNE 21, 2020

Most modern investors still look for a business model that embodies a gross margin over 50%, and a net margin in the 20% range. A healthy business, ready to scale, has been doing this for a year or more, with an existing customer set generating a non-trivial and growing revenue stream.

Revenue 434

Revenue Valuation Viral Retention 434

Steve Blank

APRIL 4, 2011

This week they were testing who the customer, user, payer for the product will be (and discovering if they have a multi-sided business model , one with both buyers and sellers.) Politely it was described as “poor customer retention” but in reality it was because the product was really hard to use.

Customer 234

Customer Business Model Nebraska Cloud 234

Startup Professionals Musings

JULY 13, 2019

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. In my experience as a new business advisor, a business is nothing until people are aligned and work in sync. Key activities. Try this one.

Intellectual Property 250

Intellectual Property Business Model Angel Investor Channel 250

The Startup Magazine

NOVEMBER 11, 2021

Businesses that constantly see teams blaming each other for an issue with a product or seem to avoid one another have an issue with communication. That’s not a good business model , and it hurts the entire business. Clarity helps address mistrust between teams, and that happens with good business communication.

Retention 153

Retention Employee Business Model Small Business 153

Up and Running

SEPTEMBER 14, 2021

You can also do the following: Increase the level of client happiness and retention. With this strategy in place, you can revisit your business model and potentially lower your marketing costs while increasing profitability. Personalize your products and services to meet your clients’ demands and needs.

Sales 152

Sales Audience Social Media Email 152

YoungUpstarts

MAY 13, 2014

Ignoring common requests could mean you lose business to a competitor. Poor customer retention. However, staying too niche can limit your growth, and you may miss out on an untapped market that fits perfectly within your business model. Many companies started out as niche businesses and then expanded into other markets.

Pennsylvania 202

Pennsylvania Retention Differentiation Reputation 202

Up and Running

JULY 10, 2019

This is a great example of the brand running through every aspect of the business. . Why referrals and retention are the keys to long term growth. For any fitness business, be it big box or boutique, the best way to succeed in the long term is through referrals and retention.

Retention 70

Retention Social Media Software Review Acquisition 70

YoungUpstarts

SEPTEMBER 12, 2012

The company was having a noticeable customer retention issue several years ago. Retention rates had declined from the high 90s to the mid 80s, which senior management felt the need to address quickly. As a result, retention rates rebounded back up to the high 90s. SAS Canada is a good case in point.

Customer 158

Customer Social Media Retention Canada 158

Startup Lessons Learned

SEPTEMBER 22, 2008

Lessons Learned by Eric Ries Monday, September 22, 2008 The three drivers of growth for your business model. The AARRR model (hence pirates, get it?) He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

Board Effect

AUGUST 28, 2023

Enhanced Employee Recruitment and Retention: Organizations with a strong ethical reputation are more attractive to job seekers who seek meaningful work and a positive work environment. Improved Team Collaboration: An ethical workplace encourages open communication and collaboration among team members.

Software Review 52

Software Review Government Reputation Employee 52

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 4, 2016

The single most important SaaS metric is retention , because cancellations indicate lack of product/market fit, no matter the cause (price, features, severity of need, duration of need). If it cannot be fixed, it means the business is a failure even if other metrics are stellar. So, retention is most-important, regardless of stage.

Metrics 270

Metrics Retention Revenue Equity 270

Transformify

AUGUST 1, 2022

Cutting talent acquisition costs, the time to fill a role and increasing the retention rate have a positive effect on both the quality of products or services and profit margins. A proper business plan will lead to the successful expansion of business globally. Take a unique opportunity.

Global 52

Global Merger Technical Review Singapore 52

The Startup Magazine

JANUARY 16, 2024

Beyond the immediate boost in sales and heightened brand visibility, the proper execution of limited-time offers and flash sales yields lasting benefits for businesses. This data-driven approach not only refines future marketing strategies but also contributes to a more agile and responsive business model.

Flash 115

Flash Sales Campaign Social Media 115

Startup Professionals Musings

JUNE 10, 2020

Every business today must recognize that change is the only constant for survival. Accountable leaders and teams realize that pivots are often required, and the agility to make changes to the product, business model, and even the customer set, must be part of every accountable culture.

Advisory Board 283

Advisory Board Due Diligence Retention Agile 283

Hearpreneur

MAY 29, 2018

SEO can help a good business get exposure and grow, but if your not able to hold onto customers and need short-term sales to stay afloat you are better of focusing on your business model and how you can provide better value that leads to strong customer retention and return business.

SEO 80

SEO Colorado Marketing Chicago 80

crowdSPRING Blog

NOVEMBER 30, 2012

Start With a Business Model, Not a Business Plan | WSJ – [link]. The danger of waiting to long to find a business model? The Biggest Problem in Mobile: Retention – [link]. The Biggest Problem in Mobile: Retention – [link]. Just got acquired? – [link].

Social Media 100

Social Media Small Business Central African Republic Design 100

Duct Tape Marketing

OCTOBER 26, 2023

We also learned how privacy concerns and changing data retention practices have driven the need for this transition. Additionally, we talk about how businesses need to adapt and leverage data visualization tools for better insights since AI is playing an increasing role in data analysis.

Analytics 78

Analytics Software Review Channel Europe 78

ReadWriteStart

MARCH 3, 2021

Growing a business is always challenging, but it’s often the hardest in the earliest stages of development. You’ll be operating with limited resources, limited knowledge, and quite possibly, a business model poised to change in the immediate future. The Prioritization of Customer Retention. Boost Customer Retention.

Early Stage 125

Early Stage PPC Retention Churn Rate 125

YoungUpstarts

OCTOBER 10, 2012

Consider the superb results companies are getting from this new way of thinking about customers: - Customer salespeople achieved, in effect, 80 percent close rates for Salesforce.com , which was key in growing their business in the face of much bigger, better-funded competitors. -

Customer 154

Customer Fractional CTO Canada Technical Review 154

Steve Blank

MARCH 4, 2014

The Enterprise: Business Model Execution We know that a startup is a temporary organization designed to search for a repeatable and scalable business model. The corollary for an enterprise is: A company is a permanent organization designed to execute a repeatable and scalable business model.

IRR 335

IRR Startup Business Model Agile 335

Mike Michalowicz

JULY 24, 2023

We know what each team member is working toward inside and outside of the business. As a leader, when I know what their needs are, I can review our business model to see how I can serve them in their endeavors. For example, Erin owns a refill business and sets up shop at local markets.

Revenue 78

Revenue Retention Employee Business Model 78

Growthink Blog

DECEMBER 27, 2017

In describing the competitive landscape, show how your business model creates competitive advantages, and – more importantly – defensible barriers to entry. Detail your customer retention plan. And when describing competitors’ weaknesses, be sure to use objective information (e.g. market research). Demonstrate barriers to entry.

Venture Capital 129

Venture Capital Business Plan Technical Review Private Placement 129