Q1:21 Open Report for @PiCortex
#HumbleBeginnings
π Live Launch: November 2020
β R300K ARR
π° MRR: R25k π€―
π΅ Revenue: R102K π
π Customer Count: 33
π₯ Total Users: 346
π Churn: 5 π₯Ί
π¨ββοΈ Avg Support response time: 7m25s β‘οΈ
Hereβs what @Sajeezy & I did this Qtr ππΎ
#HumbleBeginnings
π Live Launch: November 2020
β R300K ARR
π° MRR: R25k π€―
π΅ Revenue: R102K π
π Customer Count: 33
π₯ Total Users: 346
π Churn: 5 π₯Ί
π¨ββοΈ Avg Support response time: 7m25s β‘οΈ
Hereβs what @Sajeezy & I did this Qtr ππΎ
1- Product
We learned quite early that managing your business using accounting tools is limiting. While crucial for accountants, no one goes to work in the morning to βissue invoicesβ. As a business, Manage what is being DONE to earn, not just earnings! Enter Operational System
We learned quite early that managing your business using accounting tools is limiting. While crucial for accountants, no one goes to work in the morning to βissue invoicesβ. As a business, Manage what is being DONE to earn, not just earnings! Enter Operational System
2- Distribution π§
Access to Capital & Skills are known challenges faced by SMMEs; as such, we have been partnering with players solving these to enable SMMEs implement business systems that fosters resilience, simplify operational performance reporting & justify support
Access to Capital & Skills are known challenges faced by SMMEs; as such, we have been partnering with players solving these to enable SMMEs implement business systems that fosters resilience, simplify operational performance reporting & justify support
3- Technology βπΎ
SMMEs tend to go in and out of multiple tools just to complete a routine workflow cycle. We have built a suite of APIs to enable SMMEs with managing work in one place. From Online stores (@WooCommerce to accounting @Xero to payment @paystack / @SnapScanApp etc.
SMMEs tend to go in and out of multiple tools just to complete a routine workflow cycle. We have built a suite of APIs to enable SMMEs with managing work in one place. From Online stores (@WooCommerce to accounting @Xero to payment @paystack / @SnapScanApp etc.
4- Simplicity π
Weβve made operational tasks easy to do and interconnected across functions. From Customer discovery & acquisition workflow to work fulfillment and retention workflow, all made with simplicity in the UX. We hope to improve this for our own onboarding.
Weβve made operational tasks easy to do and interconnected across functions. From Customer discovery & acquisition workflow to work fulfillment and retention workflow, all made with simplicity in the UX. We hope to improve this for our own onboarding.
5- Partnerships π€
For SMMEs to succeed different value players must work together. We are adding partners with common vision every month; from free accounting tools with @Xero to cashflow financing with @Bridgement_ZA * etc. to enhance collective SMME value
For SMMEs to succeed different value players must work together. We are adding partners with common vision every month; from free accounting tools with @Xero to cashflow financing with @Bridgement_ZA * etc. to enhance collective SMME value
6- Value Discovery π
We managed to unearth hidden value from sub sectors not known to many as βformalβ. Verticals such as CrΓ¨ches or swimming schools are enjoying growing performance and formality thanks to affordable business system implementation and support
We managed to unearth hidden value from sub sectors not known to many as βformalβ. Verticals such as CrΓ¨ches or swimming schools are enjoying growing performance and formality thanks to affordable business system implementation and support
7a- Challenges π
This 1st quarter wasnβt without some challenges. Being an ERP product, @PiCortex still requires some high touch sales and customer success efforts, which makes our trial period an expensive exercise if no commitment follows
This 1st quarter wasnβt without some challenges. Being an ERP product, @PiCortex still requires some high touch sales and customer success efforts, which makes our trial period an expensive exercise if no commitment follows
7b- Challenges π₯Ί
Experienced Enterprise Sales hires are expensive, a nightmare for a bootstrapped Startup. We might be doing a seed round to get us over this hurdle. In the meantime, if you know someone who can work even on PT basis give us a shout, weβre always hiring for this
Experienced Enterprise Sales hires are expensive, a nightmare for a bootstrapped Startup. We might be doing a seed round to get us over this hurdle. In the meantime, if you know someone who can work even on PT basis give us a shout, weβre always hiring for this
8- Q2:21 π
This quarter we are turning up the heat. With a solid growing customer pipeline as well as further Technology addons (IoT for SMMEs, Online stores fulfillment, SMMEs automated reporting etc.). We will segment the 4 verticals showing traction. We are going for it
πͺπ½
This quarter we are turning up the heat. With a solid growing customer pipeline as well as further Technology addons (IoT for SMMEs, Online stores fulfillment, SMMEs automated reporting etc.). We will segment the 4 verticals showing traction. We are going for it
πͺπ½
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