Welcome to the Guild of Entrepreneurs Quarterly Progress Report
What is the Guild | Our Community | Our Library
We are a decentralised, transparent, profitable community of entrepreneurs helping each other learn and grow.
Our Mission: To ensure every entrepreneur is supported
Guiding Principles: Avoid replication, partner wherever possible, and always serve the community first.
Progress overview
As we wrap up Q3 2024, we’re not just reflecting on another quarter – we’re celebrating a monumental milestone. September marked the 4th anniversary of the Guild of Entrepreneurs! This journey has been one of growth, adaptation, and unwavering commitment to our mission of ensuring every entrepreneur is supported.
In the spirit of our conversational, reflective, and optimistic approach, let’s dive into our quarterly update:
4-Year Anniversary Reflection: Four years ago, we set out to create a space where entrepreneurs could connect, learn, and grow together. Today, we stand proud of the vibrant community we’ve built. Each connection made, each piece of advice shared, and each success celebrated is a testament to the power of our collective heart.
Membership Growth: We’re thrilled to report an increase in our membership. Our community has grown from 97 members in Q2 to 103 members by the end of Q3.
Financial Health: Our financial position remains strong, allowing us to continue supporting our members:
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Q3 2024 membership revenue: $604.08 (slight increase from Q2)
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Our only expense, Digital Ocean, averaged around $41.46 per month this quarter
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Our retained earnings have reached $6,809.70 by the end of September, showcasing our continued financial stability and growth
Engagement Metrics: Our DAU/MAU ratio stands at 22% by the end of Q3. While this shows a consistent core of active users, we see it as an opportunity to foster even more connections and engagement within our community.
Community Initiatives:
- Guild Gather: Our Thursday Guild Gather sessions continue to be a cornerstone of our community, embodying our value of Connection by providing valuable networking and knowledge-sharing opportunities.
Progress metrics
What is DAU/MAU?
DAU/MAU, or Daily Active Users over Monthly Active Users, is a key performance indicator (KPI) commonly used in the tech industry to measure user engagement for a product, particularly digital platforms and applications. This ratio helps assess how often users engage with a platform within a given month.To break it down:
- DAU (Daily Active Users): The number of unique users who interact with the platform on any given day.
- MAU (Monthly Active Users): The number of unique users who engage with the platform at least once within a 30-day period.
The DAU/MAU ratio is calculated by dividing the DAU by the MAU for the same time frame, typically resulting in a number between 0 and 1. For example, if you have 1000 DAUs and 5000 MAUs, your DAU/MAU ratio would be 0.2, or 20%.
A higher ratio suggests stronger user engagement, indicating that users are returning to the platform more frequently within the month. Conversely, a lower ratio suggests that while the platform may have a broad reach, it doesn’t command regular or frequent usage among its audience.
By monitoring DAU/MAU, businesses can better understand the ‘stickiness’ of their product, which can be invaluable for informing product development, user experience design, and marketing strategies.
#1 metric estimating how much value entrepreneurs are getting
The Guild Financials
Become a Guild Steward ($15/month). They propose and vote on how to spend our profit, help cover the overheads of the Guild, and are invited to join the Guild’s Board of Advisors to steer and govern the community and gain a digital badge within the Guild.
Feedback
Have thoughts or feedback? Drop it below. Have a reflection to share for the 4-year anniversary, we’d love to hear it.