Improving Your Startup Business Net Worth
Business is scalable, and the scale of every business, including the startup business is the net worth of such company. The net worth is the true value of the company, including the asset, their revenue generation and many other that becomes the factors of the net worth calculation. Net worth is not only applies to the business, but to the personal worth as well, with the highest net worth of personal figures is jeff Bezos rated at 100 billions dollar.
Net worth is very important as the investor and public will see whether to invest or not when seeing the company performance. Even net worth is not one of the most important aspect for the stock value, it remain is one of the most tangible aspect, and hence raising net worth has become one of the main concerns for the conventional business and startup business alike. There are a lot of things you can do to raise your company’s net worth.
The Scale Of Your Business
Building your own startup is actually much more expensive rather than building a conventional business, and one of the most painstakingly expensive is the tech you are going to apply. All of the startup business will have their own app, and designing an app is not easy as well as cheap. Here are several tips to raise your company net worth and hence attracting customer and investor.
- Build a good app
If you want to make a good net worth value of your company, then you need to make a good app and not just any app. App is very important since it is the gateway for your business, and all of the people who want to use the app will judge your app based on their own experience. And because of that, it is very important to make your app as user friendly as possible to make them easier in operating your app.
- Held an event
One of the most outstanding example is shopee, one of the largest commercial marketplace in indonesia. This startup business is currently organizing a soccer league, and branding C Ronaldo as one of their advertisement material. This makes the company net worth is skyrocketing and outpacing the other competitor such as lazada and bukalapak. You can do the same with your own startup even the scale need to be adjusted.
- Keep on promoting your platform
Your business need to have presence, and the more your presence felt, the more net worthy you can gain. One of the strongest presence rate in the world is currently KFC, and not just because they have biggest retail chain, but they offer something unique and hence no matter where you eat a fried chicken, people will refer it as KFC.
Promote Your Business
Business promotion need to be done vigorously, and that is the only way to achieve a local and even global present. The advertisement need to be done cleverly and creatively so that people are attracted to come and see your startup business.