iamsabakalsoom
Saba Kalsoom
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24 | Glimpse of my life in tech startups, memes and more :)
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Lead trainer for Developing the Business Plan Workshop hosted by @agilepakistanofficial & @mobilinkmicrofinance. We discussed the business model canvas with proven business models from top companies around the world with key takeaways from each, followed by an exercise to build their business plans.
#business #startups #businessplans #workshop #entrepreneurship #entrepreneurs #entrepreneurlife
#business #startups #businessplans #workshop #entrepreneurship #entrepreneurs #entrepreneurlife
Alhamdolillah for this moment. Excited to share that I have been awarded the HBL PSL Hamaray Heroes Award at Pakistan Super League Season 8.
I'm very grateful to everyone including HBL, Pakistan Cricket Board, Pakistan Cricket Team, and Kingdom Valley.
Here's to more!
#HBLPSL #HamarayHeroesAward #EmpoweringPakistanFuture #PSL2023 #PSL8
I'm very grateful to everyone including HBL, Pakistan Cricket Board, Pakistan Cricket Team, and Kingdom Valley.
Here's to more!
#HBLPSL #HamarayHeroesAward #EmpoweringPakistanFuture #PSL2023 #PSL8
🔥 Navigating Startup Finances 🔥
Burn Rate is a critical financial term for startups, and understanding it is essential for your business's health.
📉 What's Burn Rate?
Burn Rate refers to the rate at which a startup is spending its available capital. In simpler terms, it's how fast your money is "burning" through expenses.
💡 Why It Matters:
1️⃣ Financial Health: It helps you assess your runway - how long your startup can operate before running out of money.
2️⃣ Funding Decisions: Investors use burn rate to evaluate if your startup needs more capital.
3️⃣ Growth Planning: It guides your growth strategy by indicating when and how to scale.
📈 Controlling Burn Rate:
1️⃣ Budget Wisely: Carefully plan and allocate resources.
2️⃣ Monitor Expenses: Keep a close eye on where your money is going.
3️⃣ Pivot If Needed: Adjust your strategy if the burn rate is too high.
Keep your burn rate in check to ensure a sustainable and successful startup journey! 💰 #StartupJargon #BurnRate #StartupFinances
Burn Rate is a critical financial term for startups, and understanding it is essential for your business's health.
📉 What's Burn Rate?
Burn Rate refers to the rate at which a startup is spending its available capital. In simpler terms, it's how fast your money is "burning" through expenses.
💡 Why It Matters:
1️⃣ Financial Health: It helps you assess your runway - how long your startup can operate before running out of money.
2️⃣ Funding Decisions: Investors use burn rate to evaluate if your startup needs more capital.
3️⃣ Growth Planning: It guides your growth strategy by indicating when and how to scale.
📈 Controlling Burn Rate:
1️⃣ Budget Wisely: Carefully plan and allocate resources.
2️⃣ Monitor Expenses: Keep a close eye on where your money is going.
3️⃣ Pivot If Needed: Adjust your strategy if the burn rate is too high.
Keep your burn rate in check to ensure a sustainable and successful startup journey! 💰 #StartupJargon #BurnRate #StartupFinances
🚀 A term you often hear in the startup world is MVP, which stands for “Minimum Viable Product.” But what does it mean?
🔍 Let’s break it down:
An MVP is the simplest version of your product or service that you can build to test your business idea. It’s not the final, feature-packed product you envision. Instead, it’s the core set of features that allows you to:
1️⃣ Test the Waters: MVP helps you gauge market interest and gather user feedback.
2️⃣ Save Resources: By building only essential features, you save time and money.
3️⃣ Iterate: With feedback, you can refine and improve your product.
🌟 Key Takeaway:
In the startup journey, the MVP is like dipping your toes in the water before taking a deep dive. It’s all about validating your concept with the least amount of effort, so you can pivot or persevere based on real-world data.
💡 Example:
Think of Dropbox’s MVP – a simple file-sharing tool. It allowed them to validate the concept and later build the feature-rich cloud storage service we know today.
Stay tuned for more startup jargon insights! 🔍🚀 #StartupJargon #MVP #techstartup
🔍 Let’s break it down:
An MVP is the simplest version of your product or service that you can build to test your business idea. It’s not the final, feature-packed product you envision. Instead, it’s the core set of features that allows you to:
1️⃣ Test the Waters: MVP helps you gauge market interest and gather user feedback.
2️⃣ Save Resources: By building only essential features, you save time and money.
3️⃣ Iterate: With feedback, you can refine and improve your product.
🌟 Key Takeaway:
In the startup journey, the MVP is like dipping your toes in the water before taking a deep dive. It’s all about validating your concept with the least amount of effort, so you can pivot or persevere based on real-world data.
💡 Example:
Think of Dropbox’s MVP – a simple file-sharing tool. It allowed them to validate the concept and later build the feature-rich cloud storage service we know today.
Stay tuned for more startup jargon insights! 🔍🚀 #StartupJargon #MVP #techstartup
