What are the different business models a technology company can have? Here is my pick Freemium business model: A mix of free and paid services, the freemium model is mostly used by tech companies in the Software as a Service (SaaS) or apps business model. To grow business and acquire customers, companies offer free (lite) versions to… Continue reading Business Models
Category: Business
Conflicts
Why I think culture helps you to resolve conflicts within the team. One of the most common conflicts is expectation mismanagement at work. It’s often referred to as quality of work. The definition of quality when not defined properly could be directly proportional to the mood of the boss at 5 PM on Tuesday. The… Continue reading Conflicts
Burn Rate
The burn rate is typically used to describe the rate at which a new company is spending its venture capital to finance overhead before generating positive cash flow from operations. It is a measure of negative cash flow. The burn rate is usually quoted in terms of cash spent per month. It is mostly used in… Continue reading Burn Rate
The Challenge
It’s not only important to see the big picture but also to lay out the detailed plan of action that will help you and your team to achieve the vision. Most of the US either focuses on the big picture or the details. What we need to do is draw the line between them even… Continue reading The Challenge
Work Standard
Today we are going to talk about precision in our work. We know what the right things to do are and at times we are obsessed with doing the right things, be it working on the task with 100% efficiency or making sure we don’t make a single mistake in our process. In the world… Continue reading Work Standard
My NO List
In the recent post named Ten talks that will change you, Naval Ravikant mentions a concept of your hourly rate. He suggests that you should put your hourly rate as aspirational as your income 15-20 years from now. It must sound outrageous, any task or activity that can be done below that price either outsource… Continue reading My NO List
An Average Company
Traits you will find in an average company Delivering on commitments Friendly customer support Faster response time Consistent predictable outcome Provide value for money Leveraging technology automation Promote more collabration Believe in building community Shared learning Culture Focus on the vision Does all of these sound like generic average company traits? Someone claiming to be a… Continue reading An Average Company
Leverage
to use something that you already have in order to achieve something new or better Leverage Let me share 5 examples that would help you understand my perspective on leverage. Sea facing 5 Star Hotel Have you wondered why does a 5 Star hotel with a sea-facing property can charge so much? Even when the building, bed and… Continue reading Leverage
Guaranteed Results
A job may guarantee that you will get the result of a monthly paycheck. It’s often when you get into the business after working for some year in a job to ask for a guarantee. It’s your subconscious mind that always puts your focus back on it. As you may have already known where focus… Continue reading Guaranteed Results
I don’t know
It’s one of those sentences that need courage, confidence and care. It’s not only about telling it. It’s about meaning it and displaying humility. A leader needs to communicate their vulnerability and ask for help, especially from their team. You don’t become a leader to be right. You become one to take forward the cause.… Continue reading I don’t know
Vikram Shetty 