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Lifetime Value and CAC
What are Lifetime Value and Customer Acquisition Cost? Let’s begin by examining Lifetime Value. What is Lifetime Value? Lifetime Value is the total value of a customer over the lifetime of their relationship with your company. The more they purchase from you, and the longer they stay with you, the higher the Lifetime Value, the more…
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The 3 Core Financial Statements you need to know.
In finance there are three critical statements that will help you see if your company or other companies’ performance in finance. Here they are: Before I show you what these statements mean, I would like to point out that these statements are used to lay all the things you are doing on the table and…
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How Business Takes Advantage of Scarcity
What is scarcity? Well the dictionary definition of scarcity is pretty simple, “The state of being scarce or in short supply; shortage.” So now what happens if something is in short supply and there is substantial demand? People will be encouraged to buy as quickly as possible which is profitable for the company that makes…
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The best business plan for startups in 600 words.
What is a lean canvas? Lean Canvas is an easy way to plan your business on one page, or on one canvas. Which is why it is called Lean Canvas. Lean Canvas is an adaptation of the business model. The Lean Canvas is a one-canvas business plan. It consists of nine blocks to be filled…
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How the Blind enjoy their life.
This was going to be my first volunteering trip. The host, Mr. Rajesh, had asked my father if I could come. I immediately agreed, excited by the prospect. Soon after, my father booked a train from where we live to Delhi. From Delhi, Mr. Rajesh would arrange a bus to take me to the resort…
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The Ottoman Empire in WW1
The Ottomans were in my opinion a great opponent to the Allies in WW1. But how did it all come to be and what battles were fought? Find out in this blog post! Enjoy reading. Why did the Ottomans join the Central Powers? The Ottomans were friends with most European super-powers at time. They had…