4/ 🍲 Shivani Kumari will use the money to setup an indigenous food outlet in Simultala village.
Like many of us, she did her engineering but her passion lies in natural farming and indigenous cultures. This grant will allow her to take practical steps towards it.
5/ 🔌 Kanhaiya is a student of IIT Roorkee and lives in rural part of eastern UP.
Pandemic affected his studies badly because his area has frequent power cuts. This grant will help him buy power backup to continue studying.
He helps people widely and liberally (see screenshot)!
6/ 🧮 Shumbam cleared his CA foundation & intermediate all by himself (without any coaching, since his family can't afford it). He also helped his younger brother clear CA foundation.
This grant will help him take coaching and clear CA finals to achieve his dream of becoming CA.
7/ That's it!
We're able to make 6 grants this month thanks to contributions from @augfrank and anonymous donors.
If you want to sponsor a grant in the future, DM me.
8/ Also, if you're under 25 and think Rs 50,000 can change your life, I highly encourage you to apply for the grants: invertedpassion.com/escape-velocit…
We roll out grants every month and have released 26 grants since Aug 2021 (profiles of winners on the link).
Please RT for reach.
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Your product’s price determines your business playbook
a 🧵
1/ The price of products determines all other components of the business.
This happens because price influences the number and type of available customers in the market (higher the price, lower the number of customers and the corresponding premium positioning that’s required).
2/ This in turn determines:
• the distribution channels you need to tap in order to reach the target market,
• cost of customer acquisition,
• cost and nature of sales and service process, and
all that in turn determines the organizational structure.
1/ Businesses don’t exist to make revenue, they exist to make profits.
But the lure of revenue is hard to resist.
2/ It’s natural to admire the billions of dollars that big US retailers such as Guess, Macy’s, Radioshack and Toys R Us generate every year but it’s difficult to digest that they are in terrible shape because they’re not making any profit.