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Why Startups Need to Focus on Client Retention Right from the Start

The Startup Magazine

However, amidst the frenzy of attracting fresh clientele, many startups overlook a critical aspect of sustainable success – client retention. Source: Pexels Data from the US Census Bureau indicated that 5,481,437 new businesses were established in 2023, setting a record.

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9 Business Model Components For New Business Funding

Startup Professionals Musings

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 resources. Try this one.

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10 Entrepreneurs Reveal The Economic Outlook of Their Industry

Hearpreneur

The pandemic-induced disruptions have spurred innovation and accelerated digital transformation, leading to the emergence of new business models and opportunities. In this article, entrepreneurs from various industries share their economic outlook, offering valuable insights into the current business landscape. #1-

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How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

Operating Numbers. Remember, a year from now no one wants to be the CEO of a company out of business whose lament is, “I did what the board told me to do.”. This plan has three parts: Pivots to your new business model, changes to your operating plan, and what initiatives you save for the recovery.

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Deep dive: Cancellation rate in SaaS business models

A Smart Bear: Startups and Marketing for Geeks

” For a simple subscription business model the formula is easy to write but hard to compute : [LTV] = [monthly revenue] × [number of months in lifetime]. for three months, for a retention after three months of (0.85) 3 = 0.61. So you retain 85% of your customers after the first month, 85% of those after the second, etc.,

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The Biggest Barriers Keeping Your Startup From Seeing Its Full Potential

ReadWriteStart

You’ll need money to get all the initial equipment, space, and people required to begin operations. It’s going to serve as your central hub of operations – and the centerpiece of all your promotional channels. . You’ll also need to invest in publicity, circulating headlines about your business and getting featured in the news.

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Impressions from Pocket Gamer Connects in London

VC Cafe

Live operations refer to the ongoing management and maintenance of a game after its initial launch, and can include things like events, updates, and community management. Alumni of companies like Playtika or other ‘social gaming’ companies are well aware of the potential for live ops platforms to increase ROI and retention.