Startup Business Terminology: Pivot, Growth hacking, Churn rate, Scalability [Video]

In This Video We talked About Some of Important Terms which Used in Businesses.
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Pivot: Changing your product, target market, or business model based on user feedback or market changes.

Growth hacking: Using unconventional and low-cost marketing strategies to achieve rapid user growth. (Example: You partner with local food bloggers to promote your app, leveraging their audience.)

Churn rate: The percentage of customers who cancel their subscription or stop using your product in a given period. (Example: Your app’s churn rate is 5%, requiring you to improve user retention strategies.)

Scalability: The ability of your business to grow without significantly increasing costs or complexity. (Example: Your cloud-based app is easily scalable, allowing you to serve more users without infrastructure changes.)