If you’ve ever had a full time, nine to five office job, you have probably fantasized about skipping the morning commute, staying in your pajamas till noon, and working from home. Sounds nice, right? Well, the growth of technology in the past decade has made this fantasy a reality for an increasingly large number of people. In fact, according to the Work Foundation, 30% of office workers worked from any location for at least part of their working week in 2016, and this figure is expected to rise to 70% in the next few years.
Customer acquisition is vitally important for any business, but it can be tricky to get just right. In order to be viable, businesses need to find the perfect balance of the cost to acquire a new customer, and the ability to monetize the customer. You can find your business's customer acquisition cost using this simple formula:
The value of one bitcoin recently hit a record high of 5,500 U.S. dollars, a staggering rise of over 200% in value this year alone. So, if you haven't been paying attention to the rise of cryptocurrencies and the underlying blockchain technology, it's time to take notice.
Technology is always changing, and if you want your business to survive, you need to change with it. The past few years have been ripe with exciting technological innovations, and the impact of these will reach far beyond the tech industry. As a business, it is vital to stay up to date with the changes on the horizon and how they could improve or impact your business. These changes can have the power to vastly improve the speed and efficiency of your operation, or they could change the very nature of your industry. Either way, being aware of the newest trends in technology and how they may affect your life is extremely important.
Modern day major tech companies such as Facebook, Instagram, Dropbox, and Snapchat, to name a few, all started as an idea. However, what sets their ideas apart from start-ups like Electroloom, is that the founders first launched their idea with a Minimum Viable Product, or MVP.