article thumbnail

The History and Downfall of a German Wholesale Company “Wollschläger” – Part 1

QYMATIX

Almost all new offices in Germany resulted from short-term acquisitions of smaller regional dealers. In the year 2000, the Wollschläger Group merged with his long-standing partner Industrie Werkzeug Vertrieb GmbH. Were all these mergers and acquisitions a good idea? Maybe just an expensive one. What do you think?

article thumbnail

Dear Sales Management: You’re Setting Quota Wrong

SalesGlobe

There are three avenues of revenue generation: client retention, client penetration, and new client acquisition. The less revenue retained the more penetration or acquisition that is needed. New client acquisition is winning a client from a competitor or selling them something they have not purchased before.

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 History and Downfall of a German Wholesale Company “Wollschläger” – Part 2

QYMATIX

KG had more than doubled from 2000 to 2010. One former manager wrote me: “in retrospect, the company simply placed too great a focus on permanent growth through acquisitions. Andrea Schröder: Wollschläger: Investor zieht Kaufangebot zurück – 420 Mitarbeitern wird gekündigt. The turnover of Wollschläger GmbH & Co.

article thumbnail

What is Net Revenue Retention in SaaS and How to Calculate it Correctly

SmartKarrot

No doubt, new customer acquisition is still a major need for any sustainable business, retaining existing ones is a new need specific to the SaaS industry. Few of their customers downgraded which resulted in a loss of $2000 and another $1000 in churn. So, NRR = (50,000 + 5000 – 2000 -1000) / 50,000 = 104%.