If you want to know the secrets to be a successful entrepreneur, then this is the guide you must be looking for. It will help you in managing your funds and resources efficiently.
9. Efficient Fund Usage to go to Next
Level
Decide Fund
raise Amount
and Runway
Don’t use
mass
marketing
strategies
Invest in
building pilot
product and
proof of
concept
Divide
budget, keep
low fixed
costs
Product Marketing Operations Sales
Editor's Notes
Business folks – response to communication, convenience, competitor messaging, what customers are liking with us
Goals – traffic, inquiries, traffic to inquiry percentage, repeat customers, referrals, cost per click, cost per conversion and writing those weekly
Key branding – PR, Social Media, Radio, Offline, Campus ambassadors, Vendors – basis budget decide
From these – keep checking customer satisfaction
Target – revenue, percentage conversion, if they do not do 50% of this month target carry it forward, make smaller teams, create competitive spirit
Expansion – Decide if u want to go deeper in one area, launch more services,
Make your customer addict, that’s when u win it like Ola, Uber, bookmyshow