article thumbnail

How To Survive The Loss Of A Main Customer

YoungUpstarts

In the early stages, it isn’t uncommon for businesses to bank their earnings on a handful of customers (or sometimes, just one). This is especially true for startups, which operate on the basis of customer traction to solidify expectations with investors or lending institutions. Conduct a post-action review.

Customer 347
article thumbnail

Using Generative AI to Drive Corporate Impact

TechEmpower

Key Functions with High Impact Generative AI is revolutionizing sales by enabling dynamic pricing and personalized customer interactions, boosting conversion rates and customer satisfaction. Post-sale, AI analyzes customer data to improve service and loyalty, making it a cornerstone of modern sales methodologies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding the Regulatory Process throughout your next Hardware Product Design

The Startup Magazine

Designing new hardware products that have a positive impact on customers is no small feat. There are several elements that go into hardware product design that taps an unaddressed customer need, has the customer WOW factor, and succeeds long term in the market. Next is the product level planning.

Design 130
article thumbnail

Are Your Customers Part of Your Product Development Team?

Small Business Force

That they could accurately predict or (in Jobs' case) dictate customer needs. But while they might not be able to predict needs or requirements, they do have a way to, at least, get a feeling for or anticipate customer needs. From the customer themselves! Just frank, open discussion about current and future products.

article thumbnail

Digital Services Your Business Needs To Consider

YoungUpstarts

Great product exposure and a sales team dedicated to improving the lives of your customer base act as the face of your company. In order to truly find success this must be matched by a development team that consistently strives to deliver truly life-bettering products and services that customers keep coming back for.

article thumbnail

12 ways to get your business development and tech teams on the same page

The Next Web

Here’s a problem I bet every non-technical founder has experienced: the communication gap between what the biz dev team wants and what the tech team thinks they want, and vice versa. You need to build trust between these teams. This makes people more aware of what their team members are up to and creates more harmony.

article thumbnail

How and Where to Write About Technology in Your Business Plan

Up and Running

I’ll join in the due diligence for my angel group, test for myself, and develop my informed opinion. The detailed look at the technology comes during due diligence, not in the plan or during the pitch. It’s reviewed and revised frequently. Technology in business planning for owners and managers.