Vaibhav Doshi
About Vaibhav Doshi
Vaibhav Doshi, founder and CEO, has strategically utilized erad's platform to enhance his company's operations, leading to a 20% increase in revenue and plans to reach a $1000 average event value.
Vaibhav Doshi Founder and CEO
Vaibhav Doshi is the Founder and CEO of his own company, where he has made significant strides in integrating technology and strategic planning to enhance business performance. Under his leadership, the company has seen substantial growth and has developed a robust in-house team of event planners to cater to high-value events. Vaibhav has successfully leveraged his capabilities and resources to drive the company forward.
Utilizing Technology for Data-Driven Decisions
Vaibhav Doshi completed the onboarding process with erad within an impressive 18-hour timeframe. He has effectively utilized erad's platform to connect sales, marketing, and accounting data, enabling the company to make well-informed, data-driven decisions. This integration of data has been crucial in optimizing operations and strategic planning, contributing to the company’s overall success.
Targeted Advertising and Increased Revenue
Vaibhav allocated a significant portion of the company's funds towards targeted advertising campaigns across various digital platforms. These efforts resulted in a noteworthy 20% increase in overall revenue. By focusing on specific advertising strategies, he was able to attract more clients and boost the company's financial performance substantially.
Business Development and Corporate Growth
Vaibhav has been keen on expanding the company’s corporate visibility by hiring a dedicated business development team. This team focuses on increasing the company’s reach within the corporate segment, contributing to larger orders and enhancing the company’s reputation. Additionally, Vaibhav used the company's funds as working capital to manage large orders from big corporations and government entities, ensuring a steady cash flow despite the 45-60 day payment cycle.
Increasing Average Order Value and Event Planning
By targeting higher-value event types and focusing on the venue and catering segments, Vaibhav has boosted the company’s average order value by 15%. His strategic initiatives aim to reach an ambitious $1000 average event value (AEV) in the coming months. This focus on high-value events has also led to the build-up of an in-house team of event planners to maintain quality and control over the services provided.
Application for Second Facility with Erad
Drawing from his positive past experience with erad, which included a speedy onboarding process and competitive rates, Vaibhav has applied for a second facility with the platform. This decision is part of his strategy to ensure continuous growth and expansion, leveraging erad's seamless and efficient services to facilitate future business operations.