MANAGEMENT FOR SUSTAINABLE GROWTH OF A TECHNOLOGY STARTUP
Strategies Employed by eN technology Startup.
Financial strategy: Major portion of its financing requirement
is fulfilled by funds from the operations and till date, eN Technologies has not approached any investor or equity partner for any funding requirement. In software and services subscription industry, customer pays upfront payments so company is enjoying a healthy Cash Flow. At times, eN Technologies uses statutory dues to meet its working capital requirements resulting additional 1.5% per month interest and penalties imposed by government departments time to time. eN Technologies effectively manages its banking and payroll and vendor payments through HSBCNet facility, which is considered among best banking platform worldwide.
Marketing strategy: Only Digital Marketing is focused by eN Technologies to target its customer in last three years through paid advertising campaigns with Google and Microsoft and various organic search engine optimization techniques. eN Technologies has tried many times to enter channel partnership and affiliate marketing through hiring business development team but not been very successful till yet. eN Technologies uses different Social media platforms like face book, you tube, twitter, pinterest, blogs and news feeds to engage their potential and existing customers. Remarkable thing about the Social Media Strategy is that there is no paid push on the social media platforms. The reason for not going for the paid push could be a fear of taking up new risk, which is to some extent not benefiting the company the way it could have otherwise. “We never tried any unethical advertising methods and approach like under pop ups and banners to increase our customer base” says Marketing Director at eN Technologies, Mr. Mohit Tomar.
Growth strategy: eN Technologies introduced new products and services to increase its market share and customer base and also enter untapped market like New Zealand and Australia. As a full-fledged Knowledge Process Outsourcing (KPO) unit, the company possess the prowess to provide solutions for different sectors like Business Process Outsourcing Units, Hospitality Industry, Customer Services, Remote Support B2B and E- Commerce. The company provides a huge spectrum of solutions that includes ERP Development and Implementation, CRM, Dialer for BPO, E-Commerce Solutions like Payment Gateway Integration, Mobile App Development, Shopping Cart and Web Development. The company is focusing on product development instead of enlarging the existing tech support business with the help of strong development team as management view to go ahead with products rather than services. The products by the company that have successfully hit the market with the help of experienced process engineers, designers and technical account managers.
Globalization Strategy: From the day first, eN Technologies
provides its services globally including United States, Canada, United Kingdom and Ireland etc. and has significant major share in the global market. The product offering of eN Technologies worldwide is fully standard product and services, uniform market approach and integrated competitive moves.