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What is a USP and how does it set an offering apart from the competition?

by innoWerft | Feb 15, 2024 | Glossary entry

The Unique Selling Proposition (USP) is the decisive feature that sets a product, service or company apart from the competition and offers a specific benefit for the target customer.

What does ‘Unique Perceived Benefit’ (UPB) mean, and how does it set an offer apart from the competition?

by innoWerft | Feb 15, 2024 | Glossary entry

Unique Perceived Benefit (UPB) refers to the unique benefit or advantage that a product or service offers from the customer's perspective and that sets it apart from the competition.

What are unit economics, and how do they indicate whether a business model is scalable?

by innoWerft | Feb 15, 2024 | Glossary entry

Unit economics refers to the direct revenues and costs associated with the production and sale of a single unit of a product or service and provides deep insights into profitability at the individual transaction level.

What is a ‘unicorn’ start-up, and what does a valuation in the billions actually mean?

by innoWerft | Feb 15, 2024 | Glossary entry

In the start-up world, a unicorn is a private company with a valuation of over 1 billion US dollars that is considered a benchmark for exceptional success and market potential.

What is revenue planning, and how do start-ups draw up a realistic revenue forecast?

by innoWerft | Feb 15, 2024 | Glossary entry

Sales planning is a central process for start-ups in which future sales revenues are estimated on the basis of market analyses, previous sales trends and planned business activities.

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