New Boss advantage II

 Evaluate your business

  • Minimize the competition
  • Gain Traction and Stamina
  • Access Smart Business Tools and sound business advice.
  • Easily Access to your very own Business Credit builder Platform
  • Including customer service and customer deliver and customer retention.
  • Valuable Information for Small Business Owners

Business Success with Business Planning . Start Here Before you start anywhere

Total Addressable Market 

(TAM) - represents revenue opportunity at 100% market share, as if no competition exists. Serviceable Available Market (SAM) - represents the portion of the TAM that can be served by a company's products and services.


New Boss Game Plan I

 How much are your customers worth?

 How much do they cost ? 

Average Customer Value

 To calculate ACV, use this formula:

 total contract value ➗ total years in contract = ACV. For example, if a customer signs a 5 year contract for $50,000, then your ACV would be $10,000. If the contract is written up on a monthly basis, you can calculate monthly recurring revenue (MRR) and multiply by 12.

September 3, 2020

What is Sam TAM?

TAM –

Total Addressable Market / Total Available Market. This is the total market demand for a product and / or services. SAM – Serviceable Addressable Market or Served Available Market. This is the segment of the TAM within your geographical reach that you can target with your products and / or services

Jan 30, 2022


How is Sam Som calculated?
How to Calculate SOM. You can calculate SOM by dividing your revenue from a previous year by the SAM (Serviceable Addressable Market). This percentage is your previous year's market share. Now, take your market share percentage and multiply it by this year's SAM.

Jan 31, 2021


How big should your SOM be?

For most successful startups, the SOM is a small percentage of the SAM (1–10%). SOM is basically the long-term annual revenue of your startup. Typically, SOM for a great startup is less than 1% of the TAM. If you have a bomb-proof plan for taking on more than 10% of SAM, great — just back it up.

Feb 9, 2021


What is the meaning of serviceable addressable market?

Serviceable Addressable Market (SAM) calculates the total possible revenue that could be earned by capturing 100% of a specific market limited to geography, target demographic, or other factors that segment the market for a product or service.

Oct 20, 2021



Is TAM the same as market size?

TAM looks at the entire potential value of the overall market (think, the total value for toothbrush sales in the United States in a given year). The market size estimation is a huge number, and probably unattainable by one company (unless we're talking about a monopoly).


 


     Do the Research   

     Examples of SOM 

  1. Cash Flow
  2.  Management Staff
  3. Brand awareness
  4. Location
  5. Competition
  6. Uncommon  Wisdom


      Examples of KPI

      5 Key Performance Indicators?

  1. Revenue growth.
  2. Revenue per client.
  3. Profit margin.
  4. Client retention rate.
  5. Customer satisfaction.


Source : https://gustdebacker.com/tam-sam-som-market/

Source: https://www.similarweb.com/corp

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