Strategy
- go after Xmn $ revenue pools spent by affluent business owner’s
- Out of 65M business owners in the country, only focussing on top 5M audience (50L-50cr turnover)
- focusing on modern new age business owners (gen 1 + gen 2, age 28-45, tier 1 & 2)
- build a distribution & platform play
- No brainer acquisition trojan →
high frequency hooks for us to become a daily usecase in BO’s life →
increase depth of relationship →
cross sell financial & lifestyle services
- Build a consumer brand for BO’s to brag/associate with
Approach
Where does the segment of BOs we are going after (50L-50cr turnover) spend their time & money today?
- Manage Business
- Finance & Payments
- vendor payments (approvals, review) - high frequency - 4-6 times a week
- compliance payments (GST, TDS etc) - mid frequency - 3-4 times a month
- OTP sharing (India is 2FA → all OTPs related to payments, compliances come to BO’s phone) - high frequency - 4-6 times a week, over 15-50 OTPs a week
- Cashflow & credit decisions - once a month
- Prime vendor relationships/ who to work with decisions
- Grow business
- new channels to find more business opportunities
- Social Status
- Website for my business
- Workshops/events/ exhibitions
- offline clubs like BNI, Rotary etc
Old World vs New World
positioning:
a club membership, which accelerates progress for the credible & trustworthy business owners.
One place where the good actors are recognised, rewarded & setup for success - faster growth, more opportunities, financially & lifestyle progress.