The slow decline of cash payments in today’s post- pandemic society
As a result of technology advancements in digitization and data processing, electronic means of payment have become more accessible, convenient, and cost effective. Companies and customers are increasingly opting for electronic payment alternatives over cash payments. Financial experts have been predicting the disappearance of cash transactions for years now. However some feel it will never […]
6 do´s and don’ts when selling a company
Selling a company is one of the biggest decisions in the life of any entrepreneur. But to get the best result and, above all, the best price for the sale, there are a number of do’s you must address and don’ts you must avoid. Read on to find out the 6 do’s and don’ts when […]
Do you know how to prepare your business for sale?
Do you know how to prepare your business for sale? Imagine that one of your friends tells you he will run a marathon tomorrow, but he hasn’t trained a single day. What would you say to him? It is likely that phrases like “you’re crazy, it’s dangerous for your health” or “without doing any preparation, it’s reckless” would come […]
Part VIII: Cloud Restaurants
The digitalization of many industries, combined with the COVID situation, has shaken up and transformed the restaurant industry as it adapts to survive. Restaurants, regardless of the segment they appealed, had the same model for decades, if not centuries. You sit down, order, eat and pay (what differentiated from one to the other was this […]
Part VII: User-Generated Content
If someone is creating content online, editing it, and publishing it periodically, they are probably in the media site business. They produce content, bundle it, and distribute it. The media industry covers a wide variety of areas like advertising, broadcasting, and networking, news, print and publication, digital, recording, and motion pictures, and each has its […]
Part VI: Mobile Apps
Humanity’s dependency on mobile devices has boosted the need for almost all organizations, private or public, from all sectors to have a presence on our phones and other mobile devices. Mobile device market penetration is the main factor for the growth of the mobile apps market. This business model can be viewed from 2 different […]
Part V: The Cloud Market Group: XaaS
Following customer demand, businesses have found ways to deliver everything as a service (XaaS). In general, these business models are dependent on cloud computing to generate value for their customers. Why? A business model based on the cloud market group provides varying levels of fault tolerance and resilience, the ability to scale up/down to meet […]
Part IV: Omnichannel Marketing for E-Commerce
Omni-channel is an e-commerce strategy that requires linking physical, mobile and web stores so that consumers can shop seamlessly across all channels. Omni-channel (or omnichannel) refers to a sales approach that uses multiple channels to reach customers and provide them with an excellent shopping experience. It covers all the ways brands and customers interact with […]
Part III: Marketplace
A marketplace is a platform where vendors can come together to sell their products or services to a curated customer base. The role of a marketplace owner is to bring together the right vendors and the right customers to drive sales through an exceptional multi-vendor platform – sellers have a place to gain visibility and […]
Part II: E-Commerce
As expressed in the intro of this series, 21st century business models use technology to create new value in business models, customer experiences and the internal capabilities that support their core operations. The term includes both digital-only brands and traditional players that are transforming their businesses with digital technologies. In part I, we introduced general […]