article thumbnail

The 5 Stages of Entrepreneurship

Hubspot Sales

However, turning your idea into a profitable business is no simple task. The goal here is to identify and validate a profitable business idea. Jacamo, for instance, is a clothing retail company targeting larger (and taller) men who typically struggle to find large-sized, fashionable clothes. There will be hurdles to overcome.

article thumbnail

B2B Wholesale & Distribution in Germany: Insolvency.

QYMATIX

This depressing trend has been exacerbated by a recent uptick in insolvencies among industrial wholesale and retail companies, with several prominent names filing for bankruptcy. The investor Fischer Group acquired the machines of the insolvent Ludwig Leuchten GmbH in an asset deal in February 2023. Farewell wholesaler?

B2B 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Complete Guide to Digital Entrepreneurship

Hubspot Sales

Decades ago, the thought of creating a profitable business was a distant dream. You’ll likely have to seek loans, investors, or fund your business initially from your savings. That’s especially true in retail. of total retail. Now with the internet, the possibility of digital entrepreneurship is open to everyone.

article thumbnail

Why Business Model Innovation Could Be The Key To Getting Better Results

Luminas Strategy

Microsoft CEO Satya Nadella said as much when he told investors, “We’ve seen two years’ worth of digital transformation in two months.” Indeed, a recent study of 917 retail companies by my colleague Govert Vroom found that the business model accounts for 5.1% of a firm’s return on investment, after controlling for other factors.

article thumbnail

The History and Downfall of a German Wholesale Company “Wollschla?ger” – Part 3

QYMATIX

As a company grows, integration, coordination, and profitability become critical. As a company grows, integration, coordination, and profitability become critical. During the month, Frank tried to find an investor for his now 140 million euros distribution business. Click here, if you have not read part 2 yet. Or so it seemed.

article thumbnail

The Ultimate Excel Sales Forecasting Guide: How to Choose and Build the Right Forecasting Model (With Step-By-Step Instructions)

Hubspot Sales

Yet, many are uncertain about the best way to predict their profit margins. You can use Excel's versatile functions to create sales forecasts, whether you’re an analyst, an executive, a manager, or an investor. Retail and online businesses widely use Excel’s forecasting function, which simplifies complex and repetitive data analyses.

Sales 87
article thumbnail

What is customer satisfaction score? (+ how to measure CSAT)

Zendesk

If companies want to increase profitability and brand loyalty, they need to use customer feedback (like CSAT scores) to their advantage. Find a complete list of CSAT benchmarks (shown in percentages) by industry below: Retail. Specialty retailers: 77. General merchandise retailers: 75. Online retailers: 77.