How This Local Service Startup Achieved Break Even In 7 Months
Jul 25, 2019 16:23
The company ServiceTree has maintained a sound business philosophy and corporate expertise to achieve the break even within the first 7 months. The company has grown with a rational business philosophy and corporate front. The company offers excellent services in the domain of repairing household appliances.
The company is sharp to incorporate the future development of crucial services and remains technologically savvy and advanced in operations. The company ServiceTree functions with the excellent business acumen to achieve a break even in 7 months and continuing without any 2 years. The company has maintained great stead in the market by managing technology development further the domain of marketing as well as every crucial domain in the maintenance of a corporate.
In the late of 2016 Krishna Kumar Founder of ServiceTree had joined the Founder Institute Chennai to construct a new startup. He worked with co-founders Kannadas, Sathish and Suresh to construct a new local service startup. This initiative was launched on Jan 2017, as it started with call driver furthermore on-demand health care service
From day 1 they obtained traction and commenced raising invoice from the first month itself. Within a period of five months they added appliance repair service to the range of services offered by the company. Kannadas and Sathish who handled the technology development, Suresh manages care of design furthermore testing. Krishna Kumar manages the domain of marketing and other activities, they didn’t spend anything for technical development.
Amazon Web Services provided 18 months free service for Founder Institute graduates, which assisted them in their entrepreneurial efforts. The startup asked their employees carry along their own device and they were provided BYOD (Bring your Own Device) allowance, the startup don't maintain any inventory
It was in the metropolitan of Chennai,Founder Institute Chennai provided a shared office space, The startup was created with a focus on product and customers. The company changed billing from post-paid to pre-paid and it led them to break even faster. Then were involved in the following, necessary activities:
•Late 2018 they obtained angel funding as from Praveen Raja, Chennai
•Later focus on appliance service and moving forward
•During the time the company completed many experiments, still doing,
•Over 2.5 years they are servicing only in Chennai, for the reason that the company’s fore most main concern is to construct a good sustainable company and the procedure of scaling related to operations is their second priority.
ServiceTree rules the roosts once it involves providing service to appliance installation, repair and maintenance services to owners at extremely competitive costs. As a result of the standard of services that the corporate offers with nice experience and dedication, it's more and more turning into the primary alternative of shoppers. Owners searching for an appliance installation, fix a nonfunctional one expertly, replace or maintain the prevailing ones with efficacy. ServiceTree will render the services confidently to the point of excellence.
The success model of ServiceTree to maintain its break-even in profits is inculcated in its corporate philosophy. Preserve a home isn’t an issue to any more extent, neither is the method of repair of appliances. AC service technician, TV service man or washing machine repair technician , whoever you need are often simply accessed through home service applications with simply a couple of taps. ServiceTree, for example, asks you to initial enter the address wherever you would like service to be delivered. Then you set time frame:The last step is to incorporate any essential details regarding the task at your residence.
ServiceTree’s MODEL OF EXCELLENCE
ServiceTree matches labor with local demand, permitting consumers to discover immediate assistance any appliance related work like installation AC, cleaning the chimney, repairing the washing machine.
Step 1:Explain Your Task
Choose the service you want
Step 2: Selection of Your Tasker
Input time and address, you are done with booking via App or website
Step 3: Get it completed
ServceTree arrives furthermore gets the job completed. Pay securely furthermore leave a review, all the way through ServiceTree.
ServiceTree has grown from strength to strength. ServiceTree based mostly in metropolis of Chennai offers associate ultra-convenient answer to book for appliance repair and service solutions to avail them from the comfort of their home. The service supplier operates an internet site and app that brings appliance service at customers' fingertips. ServiceTree connects its customers with trustworthy service suppliers. The special options of booking on its platform embrace a 30-day assurance for service lowest inspection charge, clear valuation and multiple payment choices. ServiceTree could be a one-stop service answer for all appliance installation, repair and cleaning.
Commonly people use appliance service average 3 times per year, but how ServiceTree get fortune from existing customers is not only with rebooking, word of mouth brings more friends to company. More sophisticated booking mode introduced by ServiceTree was missed call booking and One-touch support button in Android and iOS app.
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