Inflation is a macroeconomic indicator that is measured by year-on-year (y-o-y) price change for consumer goods and services in an economy. The calculation of inflation is simple but it has a wide range of impacts on the economy. Inflation is important because it affects all aspects of the economy, from the wages people get paid to the value of their homes, from business investments to consumer spending decisions. Since prices are only one part of overall economic activity, inflation is often seen as a secondary concern compared to unemployment and growth in GDP.
Read more ...Finding out if your startup has product-market fit — that is, if you have validated that there’s a market for your product and people will pay money for it — sounds like something you have to do later in the process, when your business is already well on its way. But finding out whether your startup has PMF is important because it means you can justify investing resources during the next stage of growth.
Read more ...When it comes to marketing your product or service, targeting the right audience is crucial. Defining your target customer helps you tailor your messaging and approach to resonate with those who are most likely to convert into customers. But how do you go about defining your target customer? In this article, we'll guide you through the steps of understanding your market, developing buyer personas, conducting research and creating a marketing strategy that will help you reach the right people at the right time.
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