If you are reading this, I am 100% sure you must have posted at least one blog post, Instagram post, Facebook or LinkedIn post. A good high definition photograph will make your text, stand out.
We created a introduction video for www.73bit.com explaining our product. We got a fabulous feedback from friends and colleagues. In this post I will share how did I posted the job at Fiverr and all the details shared to the video producer.
Do you waste huge amount of time in your research process? Do you have manual repetition in your data analysis? How many of you have chaos in your research process?.
In today’s day and age technology should work for you not other way around. Don’t you think wasting time of your highly qualified research analysts and research officers is not a good idea. They are busy with manually collecting the data on spreadsheets and word documents. Or They are busy with communicating with teams only via emails or chat. We believe they deserve a online platform to automate most of their work. They should have a system that can automatically calculate the score card and generate the feedback report by a click of a button.
We at 73bit are working hard to achieve this by creating Probench a online reporting and bench marking platform. Probench is the outcome of our long running relationship with the organizations that currently use our system. It was designed from the beginning to place tools in the hands of the teams who run the surveys. So that the team can focus on what they do best research and getting insights from the data collected. It will be customized and configured for your in few weeks.
Do you want to know if Probench is for you? Book a FREE Candid Investigation Session Now! Lets discover that together.
NOTE: I would like to have a call of 15 minutes to explain the imagination I have for this intro video. Also I need feedback every 2 days on progress to clear any doubts (VERY important for me)
Voiceover – English UK. Attached is our Logo
I will be expecting something like this https://www.fiverr.com/chrisakanno12/create-an-awesome-explainer-video-up-to-200-words?funnel=a9280c8b-be01-43c2-bca3-08ef7fc917a6
Let me know if you need any other information.
Date: 12th August 2017
After you post your job there will be multiple seller who will bid for it, you can see them on the request page
After you click on the review offer, You will see who sent the offer and there profile links
This will be a time consuming but you will have to pick among them and start convention with them about quality and price. You will have to filter the good out and see what works with you. See if things are real and practical.
His profile is https://www.fiverr.com/chrisakanno12
Me: Any updates?
Him: Yes I will add it no problem.
Me: I agreed with your remark on the session. There are 2 typo revision rest looks fine.
Him: Thanks for your reply. I will make the necessary revisions you need. But please i will send you a resolution request of 2 days so that i can take my time and do the changes so as to deliver a professional work. I will send you the resolution request now, please accept it immediately.
16:03 August 23, 2017
Hope this was helpful to you.
In our mastermind group mentored by Arfeen Khan, we recently discussed about Infographics. It is such a unique way to sharing and educating other. Here are my 5 simple starters.
I) Download them from Canva.
Free Infographics @ Click here. You can go ahead and edit those too.
Disclaimer: Few of them will have priced images, you can download the infographic first to make sure it is free and downloadable. Also there is Free tag on each template on your left had side panel. As shown below.
II) Do it yourself using power point. Yes! (Under 1 hour and 15 template)
Steps given in details here (with a video tutorial) @ How to Make an Infographic in Under an Hour
You can download the templates here @ https://www.hubspot.com/infographic-templates
III) Use a free online tool.
One of them is https://www.easel.ly/ a little more work but you can customized it further. They have a free account.
IV) 19 Warning Signs Your Infographic Stinks
This team have mastered the skill of using infographics @ 19 Warning Signs Your Infographic Stinks
V) Get it done
If you are looking for professional to do it. It can be done via website like Fiverr @ https://www.fiverr.com/categories/graphics-design/infographics?source=category_tree or Upwork @ https://www.upwork.com/ab/profiles/search/?q=infographics
Hope this was helpful.
In Arfeen Khan‘s business mastermind workshop, we played few team games. The objective was to learn and keep the energy up.
Here are my top 7 metaphor that you can apply to your business:
Have a awesome business year ahead!
The short answer is Product Market Fit.
The long answer, A young person recently contacted me. A working professional with a business idea. Aspiring to be an entrepreneur. I am not quite sure why he asked me for guidance. However it was my privilege to share the knowledge I had.
Disclaimer: I did not guided him, I share what my mentors told and what I believed in.
I had a 40 minute Skype call. Discussing the idea and the questions. I gave my best possible answers and the suggestions that I thought was relevant.
Suggested Actions Plan
Question asked to me.
Should I build the complete product first?
What is a business model?
One I know is Business Model Canvas
What technology stack to use?
Don’t worry about it now, use what you know
Don’t I need product to talk to clients?
You need MVP or Mockups to talk to clients.
How do I compete with the big players in my space?
You don’t. You solve your clients problem. You find the niche area where you can add value.
If you want to discuss any business challenges in details contact me LinkedIn. We can have a peer-to-peer talk.
Pricing is one of the most important financial levers that companies have at their disposal to influence the financial success of their business. However, it is not an easy task.
Firstly, pricing affects multiple stakeholders, both inside and outside the company. Experimenting with pricing is therefore not a task that should be taken lightly. Secondly, finding the right price is notoriously hard. Customer preferences are hard to gauge ex-ante, and internally, it can be difficult to foresee the effects of pricing changes on the financial performance of a company. And finally, of course, pricing doesn’t happen in a vacuum. In any competitive market, pricing changes can often lead to retaliatory actions which end up canceling out the intended effect of the pricing adjustment.
With this in mind, techniques and methods for getting around these challenges are extremely useful.
In my experience, having co-founded a developer tools startup that uses a SaaS model, I have come to appreciate the SaaS business model as being, amongst other things, very pricing-friendly. The intrinsic characteristics of SaaS and its delivery mechanism have important ramifications related to pricing which, in turn, can be extremely useful in the financial management of your company.
In this article, I explore in more detail what these are and how they can benefit your business from a financial analysis and management standpoint.
Software as a Service (SaaS) is a software licensing and delivery model in which software is licensed by a third party and delivered to clients through the internet. Compared to locally hosted software models, SaaS clients do not have to install the software, update it, maintain it and integrate it. The vast majority of technical aspects are “taken care of” by the SaaS provider so that the client can start using the SaaS product with little effort.
The ramifications and benefits of SaaS versus other types of services are displayed graphically in chart 1 below. As you can see, with traditional on-premises software, the client has to manage most of the activities related to setting up and running the software. At the opposite end of the spectrum, SaaS takes care of all of this on the software provider’s side. There are shades in between; for instance, Infrastructure as a Service and Platform as a Service.
The pros and cons of SaaS are fairly straightforward. On the one hand, SaaS is much easier to set up and run. It doesn’t require local servers, storage, management, etc. On the other hand, it doesn’t allow the same level of customizability that on-premises software can provide.
The change from locally hosted software to SaaS has been happening for some time, and is part of a more general shift in the IT industry to cloud-based applications. According to FTI Consulting, 69% of businesses today use at least one cloud-based application.
The shift to SaaS from on-premise services can be seen nicely when one looks at Adobe, one of the industry’s most well-known players. As can be seen in chart 2, courtesy of Tom Tunguz, Adobe’s non-SaaS product revenue peaked in 2011 at $3.4 billion and halved to $1.6 billion in just three years. Such a drop in revenue would normally have huge ramifications, but Adobe has also been offering a suite of SaaS products, which have increased in revenue five-fold, from $0.45 billion in 2011 to $2.1 billion in 2014. Adobe’s changing product mix is indicative of the overall industry’s shift away from locally hosted software towards cloud-based software provision, such as SaaS.
All indications are that this trend is likely to continue. Gartner estimates that SaaS application software was a $144 billion market in 2016 and that, by 2020, businesses will be shifting to cloud-based software to the tune of $216 billion a year.
If you find this interesting read the rest part of the article click here
In recent days especially Brexit and US presidential elections, Indian IT Services company have lost handful of projects. There has been series of articles written about the layoffs happening in India. There were questions on skills of Indian IT professional. I cannot argue on the data which is out there. It is very difficult for one who have lost job.
My argument is you cannot downplay following skills of 4 million individuals:
This list can go to multiple digits. I will leave it your skills and imaginations.
Certainly there could be slow down of India IT for the standard it have seen in past 2 decades. However we have matured as an Industry and to get work will not be easy without specific advance skills.
Following are my 2 possible solutions or you can say my point of view:
In conclusion I would like to end this with just saying don’t play a role of a victim. You have see the down fall of year 2000, 2008 and there will be one coming soon as per the experts out there. I don’t know. However I know there will be ups and downs in Indian IT and now is the time to change course and bring the different flair to it and make it more Independent
All the Best!
College always creates a nostalgic feeling. You think about college and all the good memories comes. College plays an important role in your career. Principal and teachers are the guiding force to jump start your life. We cannot thank enough to them. Couple of years back I visited college in one of the college’s reunion “Nostalgic”. I felt like I should connect back to college, I was not sure how could I do that. After an year I had an idea of guiding student with their final year projects. The idea was simple, I had a decade of industry knowledge. I can put the current software development practice and experience to student’s project development. I along with my business partner decided we should go with it. We both discuss on what all should we include in and shortlisted few things that should be there. One of the top thing was complexity of the project. We thought of making the project complex and unique, thus they will have a good learning experience.
We thought of talking to the Head of Department in Information Technology. We had an hour long discussion on how to go about the idea. The methods we will follow and the Head of Department was very curious and helpful to us. We took the appointment of our principal and she gave us the green flag to go ahead. We immediately thought of having the projects started. We had an introduction meeting with all the students who were participating. We asked them if they have any project in there mind and some did had. Once the project was allocated we had some online systems in place and some follow up emails. We thought we were all set, But it was a totally different experience. My respect to all my teachers went up because I had to keep a lot of patience. However we had long project sessions conducted over the weekends with the help of teachers and lab staff. It was tiring long days for me, my business partner and my colleague. We had to keep answering questions all day long and keep solving the problems. However we stick to the plan and followed the rules we had set at the start of the year. The year long project came to an end and every one had competed the project. We are waiting for the results now.
It was a great experience for us. We thoroughly enjoyed being in college for those many weekends we had. There was up and downs and we felt as if we are re appearing for the exams. While helping the students I thought if we all can just help the students. Make use of the technology available. Even if you are not in the country conducting a talk via online video conferencing. There can at least an idea pool of things that can be done in college and you get a chance to be back in college. I always enjoyed to be in college and hope to see few of you reading this in the campus.
I would like to end this story by words that meant a lot to me. It was during one such meeting with Principal Madam, She said
This is all we want from alumni.
I really thought that moment college never expected any thing from me and it will never expect. After all things college had given me, it is just asking few hours in few days of my time to help many students. It in returns gives me the feeling of belonging.
I have meet and worked with few developers. I have always found it common theme that they are always better at there task and programming however struggle with time management, project management and client understanding. Everyone is not in this category, its a mix and a match. Let me list out few example of true stories you may be able to relate.
Stories of developer struggles:
Before even going further and giving my 2 cents blanket advice to budding developers. Here is the principles on which it has been derived. As a developer you much be aware why principles and patterns works out best and we don’t have to reinvent the wheel again. This is a 4 quadrant principle from the book “The Seven Habits of Highly Effective People” by Stephen Covey.
As such the above image is self explanatory short detail about this is given here
Quadrant 1 is what you must be doing already, because your boss or client is keeping a watch on it. Quadrant 2, honestly if you are struggling as programmer or developer. You don’t bother its not on your books at all or only occasional thought. However remember this is most important quadrant for your career. The time we are saving will be invested in here.
Lets talk about Quadrant 3, mostly likely this will be your major time consuming activity. Some ones else priority, meeting that you need not attend, overthinking and over-designing a simple programming problem, creating generic frameworks in tight deadline and so on.
And your most common friend, Quadrant 4. Checking social media feeds again and again and again. Long coffee breaks and charts, playing games on your smart phone. Checking stock price every minute, Checking on news of countries you don’t belong. Have you ever thought of switching your phone for an hour and working on a programming task. Think about it.
Now that you have got a glimpse about possible struggle and resolving principles. Lets plan a day for you. Its cannot be repeated each day however it will work like a framework to bring yourself in track. Reminder I am not Nostradamus and I don’t have a crystal ball. Use your common sense!
The framework for your EPIC day:
1 ) Scenarios for common anti patterns
2 ) Puzzle to choose which is right and wrong when you have to choose between two task
Following are the direct definition of following terms:
Below are simply the first definition from search.
plural noun: sales
the exchange of a commodity for money; the action of selling something.
“we withdrew it from sale”
|synonyms:||selling, vending, disposal;|
the price at which goods are or have been bought by a merchant or retailer.
the amount added to the cost price of goods to cover overheads and profit.
“a mark-up of 50 per cent”
Gross profit is a company’s total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Gross profit margin is a financial metric used to assess a company’s financial health and business model by revealing the proportion of money left over from revenues after accounting for the cost of goods sold (COGS). Gross profit margin, also known as gross margin, is calculated by dividing gross profit by revenues.
Gross Contribution Margin is Net Sales minus the variable product costs and the variable period expenses. The Contribution Margin Ratio is the Contribution Margin as a percentage of Net Sales.
Let’s illustrate the difference between gross margin and contribution margin with the following information: company had Net Sales of $600,000 during the past year. Its inventory of goods was the same quantity at the beginning and at the end of year. Its Cost of Goods Sold consisted of $120,000 of variable costs and $200,000 of fixed costs. Its selling and administrative expenses were $40,000 of variable and $150,000 of fixed expenses.
The company’s Gross Margin is: Net Sales of $600,000 minus its Cost of Goods Sold of $320,000 ($120,000 + $200,000) for a Gross Profit of $280,000 ($600,000 – $320,000). The Gross Margin or Gross Profit Percentage is the Gross Profit of $280,000 divided by $600,000, or 46.7%.
The company’s Contribution Margin is: Net Sales of $600,000 minus the variable product costs of $120,000 and the variable expenses of $40,000 for a Contribution Margin of $440,000. The Contribution Margin Ratio is 73.3% ($440,000 divided by $600,000).