Chapter
Changing Business Models in a Company
51:59 - 53:59 (02:00)
The CEO of a company reflects on the sudden changes in their business model from a one-time fee to a subscription-based system and the financial implications that come with it.
Clips
The guest speaker talks about the drastic change in business model the company went through, from selling their product for a one-time fee of $500 to a subscription-based model, highlighting the sudden cash and gross margin implications, as well as admitting the company had not figured out the right business model even six to seven years later.
51:59 - 53:59 (02:00)
Business Models
Summary
The guest speaker talks about the drastic change in business model the company went through, from selling their product for a one-time fee of $500 to a subscription-based model, highlighting the sudden cash and gross margin implications, as well as admitting the company had not figured out the right business model even six to seven years later.