A go-to-market strategy is a comprehensive action plan that outlines the steps a company will take to successfully bring its product or service to market and communicate it effectively to its target customers.
Glossary entry
What is a core competency?
A core competency is a special skill or resource that makes a company unique and gives it a sustainable competitive advantage. It is created through the combination of knowledge, processes and technologies that are difficult to imitate. Typical core competences can be, for example, innovative strength, customer proximity or efficient production processes. Companies should concentrate on their core competences in order to be successful in the long term.
What is fundraising and why is it crucial for start-ups?
Fundraising: Raising capital for growth - Fundraising is the process by which startups raise funds from investors, such as venture capital firms, angel investors or crowdfunding platforms, to finance growth, product development and market launch.
What is a private sale?
A private sale refers to the sale of a company or shares in a company directly to a selected buyer without a public tender or offer.
What is pooling?
Pooling refers to the contractual combination of the voting rights or shares of several investors or founders in order to represent them as a unit.
What does ‘recurring revenue’ (RR) mean?
Recurring revenue describes regularly recurring income that provides a stable source of revenue for companies through subscriptions or contracts.
What does the Rule of Forty mean?
The Rule of Forty is an important metric for SaaS companies that combines revenue growth and profitability to assess the health of a business.
What does leadership mean in start-ups, and why is it so crucial?
Leadership in start-ups refers to the ability to set visions, inspire teams and make strategic decisions that drive the company forward.
What is a management buy-out (MBO)?
A management buyout is the acquisition of a company or shares in a company by the existing management team.