With the passing time, the business model in the retail segment is getting more complex. Online business is already popular among masses. However, even now a majority of the population still purchases from the physical stores. Evolution has dominantly happened on the back of technological innovation. The present case of how Walmart and Amazon are transforming is on the same line as well.
Gone are the days when the retail outlets got overcrowded before the Diwali season or the Black Friday sale. People are now more adept to online purchasing. The total internet economy is constantly on the rise. It’s estimated that it will reach around $215-265 billion (7.5% of GDP) by 2020 from the current figure of $100-130 billion (around 5% of GDP). This means that by 2020, there share of the pie in online purchasing will increase as well. Continue reading “Online E-commerce to transform into brick-and-mortar outlets”
During the coffee break at office today, I was discussing the startup business of my colleague’s husband. The startup is in the education sector and provides certification through various courses, classroom and examinations to corporate employees. She mentioned that the business is tight on funds. They are hardly able to break even every year. When I asked about the lead conversion ratio for the business, she mentioned that the business is getting some leads. However, most of them are not getting converted to sales Continue reading “How to tackle Lead Conversion Issue in Startups”
Technology is touching the lives of people in almost all the sectors and the healthcare market is no exception. The recent advancements made in the healthcare industry have enabled faster & cheaper services that can be provided to the patients. Continue reading “Changes in Indian Healthcare with the HealthTech companies”
With around 100 Indian startups founded in the 1st quarter of 2017, the total number of startups is expected to reach around 400 by the year end. According to data from leading data analytics firm on startups Tracxn, this will be 10% of the total number of startups founded in 2016 and only 4% of the total in 2015. Does that mean that the startups in India are not doing that great? Or are the Indian youths not motivated to move along the glorious path of an entrepreneur?
It was a typical day for Alice (name changed) at her home. She was busy doing her household chores and looked outside her window at the green field. It was then that it suddenly struck her!
I’m sure that like Alice you have had your “Eureka” moments in your life. Since we come across various incidents, people, problems daily, it’s very natural to come up with a solution for a definite problem which could be a game changer in the market. And if curated properly, might become “The Billion Dollar Idea”.
Did you receive any news feed on X company acquiring company Y? Have you ever wondered why is it necessary for organizations to acquire other companies when they can develop that capability within their org? Why do companies spend a million (or sometimes a billion) dollars to acquire another company?