In a business model (canvas) you indicate how you create Nepal Phone Number List and earn money. During the first year of existence you adjust this regularly. Based on customer feedback, you can determine which parts of your product or service have value for the customer. This can lead to you perhaps Nepal Phone Number List things for free and pricing other components, for example with graduated scales, in a differentiated manner. 8. Raising Money From Venture Capitalists If you want to grow (fast) it is often necessary to find additional Nepal Phone Number List . As with step 5, excess is harmful. You need to make sure you have a catchy pitch and use the right terminology that is important.
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That is why the book gives a nice overview of the English Nepal Phone Number List and associated abbreviations: Monthly Recurring Revenue (MRR): The monthly recurring (subscription) revenue. Annual Recurring Revenue (ARR): The last MRR multiplied by 12. Customer Lifetime Value (CLV): The average Nepal Phone Number List value of the customer during the relationship life. Customer Acquisition Cost (CAC): The costs that (must) be incurred to acquire a customer. CLV/CAC ratio: You can guess the meaning; but the result is preferably greater than 3. Payback Period: The (short) time it takes to earn back the CAC. Total Addressable Market (TAM): The size of the Nepal Phone Number List in which the start-up will be active.
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Churn: The percentage of customers who leave Nepal Phone Number List (the inverse of retention. 9. Scaling your start-up If all the aforementioned phases have been completed and your company is still standing, you already belong to a select group. Most start-ups don’t get that far. If you did Nepal Phone Number List , you can start scaling your business. By scaling you will build a complete organization with all the departments that go with it. You will roll out the strategies and introduce processes, as happens in ‘real’ companies. Then the ‘Nepal Phone Number List ‘ is over, all freedoms and the adventure you had as a start-up will slowly disappear. 10. Sell and start again