Income and Expenditures Are Quite Far Away

[sohanuzzaman54]

Ever heard the term “burn money” done by big startup companies in Indonesia and the world. They “burn money” in the form of promotional offers, discounts, and even something free.

In the two years since the emergence of service and travel startups in Indonesia, various discounts are given for motorbikes and cars. Food purchases also get promotions so that there are many users of the startup 's application .

This “burning money” activity is done to gain trust from the public, obtain data, and create a sense of dependency. If they already feel dependent, even if the price is returned to normal, they will continue to use it.

That is why in the first 2-3 years, some startup companies list of henan cell phone numbers do not make any profit at all. Even if there is profit, the amount will not be large. Most companies actually lose even though they get something valuable, namely trust.

After losing, they will slowly gain profit. This cannot be done by all startup owners . Why? Because it requires strong capital support and a little " luck ". If you are not lucky, you have spent a lot, people are still reluctant to use or switch to another.

4. Filled with Young and Highly Innovative People
Generally, startups today are filled with young people who have high innovation. They are the initiators of new ideas that were initially considered unworthy by people who were already “comfortable” in their positions.

The age of startup employees is generally in the age range of 25-34 years. Although there are those above or below that, the number will not be too many. The top brass or influential people are usually more mature.

Young people are often recruited because they are not afraid of challenges. New things will be done even though the workload will be more than usual.