Business
Business Warrior Positioned for Massive Growth in 2021
Business Warrior Positioned for Massive Growth in 2021.
About this update from Business Warrior Corporation
[{"type":"text","content":"Business Warrior Positioned for Massive Growth in 2021The company hosted its annual results call and outlined their strategy for the next year November 13, 2020 – Business Warrior Corporation (OTC: BZWR), the source for small businesses in America to get more customers, announced its annual results on Thursday November 12, 2020. The company showcased their year in review with highlights including their growing Marketplace revenue, subscriber growth rate increase by 129%, raising over $265,000 of friendly capital and the completion of their 3a10.These milestones were accompanied with a review of the financial performance which outlined their year-over-year revenue decrease as the company transitioned to its current business model. In the new model, Business Warrior owns 100% of their intellectual property giving them much higher enterprise value and full control of their software-as-a-service (SaaS) product. Here are some key performance indicators showing they’re in line for consistent growth going forward:YoY subscriber growth increased by 129% with October resulting in 368 in new subscribers, it’s highest organic growth month since launch. Cost per new subscriber decreased by 50%Advertising: Average cost per lead is outperforming expectationsSales closing ratio is as high as 50% Increasing demand for upgraded paid plansAnnual FinancialsThe company shared that due to the shift to a SaaS business model, it experienced an increase to its net loss from $126,112 to $687,161. This net loss was a result of the change to the company’s business model and development costs to launch their own product. Revenue was a change of $1,060,053 in the fiscal year ending in August of 2019 to $386,087 in 2020. The decrease in revenue was a result of the strategic shifts in the current business model in order to set up the company for higher revenue, increased profitability, and maximum enterprise value. “We made some bold moves in order to create long-term value for our subscribers, employees and shareholders. We knew we had to go through some short term pain with a negative impact to our revenues, but we’ve weathered the storm and our monthly growth rate is back on track. Now we control our own destiny with 100% ownership of our intellectual property. We have the product, the team and the strategy to become the source fo...