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Text from polinazhdanova - English

    • How can the text below be improved and corrected? Thank you

    • Not every business that has unique offers such as products or services can sustain itself and produce profit for its stakeholders and founders.
    • There are many reasons that may result in bankruptcy in the end.
    • For example, easily replicated business model, small and slow-growing market, mismanagement and disagreement between stakeholders, lack of funding, market entry are too early or too late, strong competitors with a wide market share and inability to compete with their prices, etc. My example of a business that has failed is a Russian start-up online banking product called Rocket bank.
    • I had the privilege to observe its life cycle from almost the very begging as a client and as a good friend of one of the company’s employees.
    • When Rocket bank enter the market it was a real revolution in the banking and finance sector.
    • During their first two years of existence, they were quickly attracting new users through creative marketing, favorable terms of service for their clients, a revolutionary mobile app that gave a unique user experience.
  • As one of the examples, they were the first financial product in 2016 in Russia that offered to its clients 1 % cashback for every purchase paid by their debit card.
    • The cashback could be converted to real money, not just a discount at a partner’s stores as other banks offered.
    • They had a referral program with terms that every existent client might give a unique link to his friend or colleague and if this person issue a debit card the referral would get 500 rubles which equaled around 8 American dollars.
    • And since the main market, they were focused on consisted of young people age 18 to 30.
    • For the auditory with medium, low, or even no income, simply because of their age and working experience, it was attracting and catchy marketing strategy which helped to expand Rocket bank’s customer base.
    • Also, their mobile app was not just cutting-edge, it was a sensation on a market.
    • A user was able to customize it and get funny voice notifications from Rick and Morty cartoon or Transformers movie when he made a purchase or withdraw money from an ATM.
    • In a mobile app, you might convert currencies, set financial goals, and get immediate help from support about any concern.
    • They were getting market share and brand recognition very fast.
    • The problem emerged when the second commercial bank they recently become a part of fell under the reorganization of the central bank of Russia.
    • This made customers of Rocket bank think of the safety of their funds.
    • After the default in Russia in the 90s, the citizens of my country are trying to be careful about their savings and are very suspicious of financial institutions without state participation.
    • In addition, 5 years ago, several commercial banks had their licenses revoked at once, and people had problems with withdrawing money from their accounts.
    • Thus, it is not difficult to guess, there was an outflow of clients from the Rocket bank.
    • Within a year the project was bought by a fast payments system called Qiwi.
    • Qiwi has been spending a huge amount of money to keep the project afloat.
    • Rocket bank was not a private bank itself.
    • They always were a part of another bank with a license, their financial product line had no opportunity for expansion while average commercial banks could offer loans, credit lines, individual investment, and brokerage accounts.
    • After a year of investment in marketing, development, and other stuff Qiwi decided to sell unprofitable Rocket bank, but eventually, no one wanted to buy it.
    • After all, Qiwi decided to restructure and close the project and agreed with one of its main competitors, Tinkoff Bank, on the comfortable transition conditions for Rocket Bank clients.
    • To be honest, I have never understood how Rocket bank was going to gain profit.
    • Based on the materials that I found on the Internet, it seems Rocket bank has never been a profitable business, they only spent the money of their investors, including the banks of which they were a part.

PLEASE, HELP TO CORRECT EACH SENTENCE! - English

  • Title
  • Vakya 1
    • Not every business that has unique offers such as products or services can sustain itself and produce profit for its stakeholders and founders.
      100% GOOD (1 votes)
    • Not every business that has unique offers such asoffers unique products or services can sustain itself and produce profit for its stakeholders and founders.
    • ADD a NEW CORRECTION! - Vakya 1ADD a NEW CORRECTION! - Vakya 1
  • Vakya 2
  • Vakya 3
    • For example, easily replicated business model, small and slow-growing market, mismanagement and disagreement between stakeholders, lack of funding, market entry are too early or too late, strong competitors with a wide market share and inability to compete with their prices, etc. My example of a business that has failed is a Russian start-up online banking product called Rocket bank.
      Vote now!
    • For example, an easily replicated business model, a small and slow-growing market, mismanagement and disagreement between stakeholders, lack of funding, market entry arethat is too early or too late, strong competitors with a wide market share, and inability to compete with theircompetitors’ prices, etc. ¶


      My example of a business that has failed is a Russian
      start-up online -banking productconcern called Rocket bBank.
    • ADD a NEW CORRECTION! - Vakya 3ADD a NEW CORRECTION! - Vakya 3
  • Vakya 4
    • I had the privilege to observe its life cycle from almost the very begging as a client and as a good friend of one of the company’s employees.
      Vote now!
    • I had the privilege to observe its life cycle from, almost thefrom its very begginning, as a client and as a good friend of one of the company’s employees.
    • ADD a NEW CORRECTION! - Vakya 4ADD a NEW CORRECTION! - Vakya 4
  • Vakya 5
  • Vakya 6
    • During their first two years of existence, they were quickly attracting new users through creative marketing, favorable terms of service for their clients, a revolutionary mobile app that gave a unique user experience.
      Vote now!
    • During their first two years of existence, they were quickly attractinged new customers through creative marketing, offering favorable terms of service forto their clients, and presenting a revolutionary mobile app that gaveoffered their cutomers a unique user experience.
    • ADD a NEW CORRECTION! - Vakya 6ADD a NEW CORRECTION! - Vakya 6
  • Vakya 7
    • As one of the examples, they were the first financial product in 2016 in Russia that offered to its clients 1 % cashback for every purchase paid by their debit card.
      Vote now!
    • ADD a NEW CORRECTION! - Vakya 7ADD a NEW CORRECTION! - Vakya 7
  • Vakya 8
    • The cashback could be converted to real money, not just a discount at a partner’s stores as other banks offered.
      Vote now!
    • Their cashback program could be converted into real money, not just amerely discounts at a partner’s stores as other banks offereding establishements, as is the case with most banks' programs.
    • ADD a NEW CORRECTION! - Vakya 8ADD a NEW CORRECTION! - Vakya 8
  • Vakya 9
    • They had a referral program with terms that every existent client might give a unique link to his friend or colleague and if this person issue a debit card the referral would get 500 rubles which equaled around 8 American dollars.
      Vote now!
    • They had aUnder the terms of their referral program with terms that every, their existenting client might give a unique link to his friend or colleague and if this person issue a debit card the referral would get 500 rubles which equaled around 8 American dollarss received 500 rubles (around 8 US dollars) for each referral resulting in issuance of a debit card to a new customer.
    • ADD a NEW CORRECTION! - Vakya 9ADD a NEW CORRECTION! - Vakya 9
  • Vakya 10
  • Vakya 11
    • For the auditory with medium, low, or even no income, simply because of their age and working experience, it was attracting and catchy marketing strategy which helped to expand Rocket bank’s customer base.
      Vote now!
    • For the auditory with medium, low, or even no income, simply because of their age and working experience, it was attracting and catchy marketing strategy which helped to expand Rocket bank’sTheir marketing strategy was particularly effective at attracting a customer base of low, medium and even zero income youths, thus rapidly expanding their total customer base.
    • ADD a NEW CORRECTION! - Vakya 11ADD a NEW CORRECTION! - Vakya 11
  • Vakya 12
  • Vakya 13
    • A user was able to customize it and get funny voice notifications from Rick and Morty cartoon or Transformers movie when he made a purchase or withdraw money from an ATM.
      Vote now!
    • A user was able to customize it and get funny voice notifications from One could customize the app to receive amusing notifications from cartoon characters "Rick and Morty" or from chartoon oracters from the Transformers movies when he mademaking a purchase or withdrawing money from an ATM.
    • ADD a NEW CORRECTION! - Vakya 13ADD a NEW CORRECTION! - Vakya 13
  • Vakya 14
    • In a mobile app, you might convert currencies, set financial goals, and get immediate help from support about any concern.
      Vote now!
    • In a mobile app, you mightYou could use the mobile app to convert currencies, set financial goals, and getsummon immediate help from support about any concernsupport.
    • ADD a NEW CORRECTION! - Vakya 14ADD a NEW CORRECTION! - Vakya 14
  • Vakya 15
  • Vakya 16
    • The problem emerged when the second commercial bank they recently become a part of fell under the reorganization of the central bank of Russia.
      Vote now!
    • The problem emBut they encounterged a setback when the second commercial banking enterprise of which they'd recently become a part of fell under thesubject to reorganization ofby the cCentral bBank of Russia.
    • ADD a NEW CORRECTION! - Vakya 16ADD a NEW CORRECTION! - Vakya 16
  • Vakya 17
  • Vakya 18
    • After the default in Russia in the 90s, the citizens of my country are trying to be careful about their savings and are very suspicious of financial institutions without state participation.
      Vote now!
    • After the default in RussiaHaving experienced the massive economic decline of the Russian state and economy in the 1990s, the citizens of my countryRussians are trying to be careful about their savings and are very suspicious of financial institutions without state participationthat are not affiliated with the state (government).
    • ADD a NEW CORRECTION! - Vakya 18ADD a NEW CORRECTION! - Vakya 18
  • Vakya 19
    • In addition, 5 years ago, several commercial banks had their licenses revoked at once, and people had problems with withdrawing money from their accounts.
      Vote now!
    • In addition, 5 years ago, several commercial banks had their licenses revoked at once to this, five years ago the licenses of several commercial banks were simultaneously revoked, and people had problems with withdrawing money from their accounts.
    • ADD a NEW CORRECTION! - Vakya 19ADD a NEW CORRECTION! - Vakya 19
  • Vakya 20
  • Vakya 21
  • Vakya 22
  • Vakya 23
  • Vakya 24
    • They always were a part of another bank with a license, their financial product line had no opportunity for expansion while average commercial banks could offer loans, credit lines, individual investment, and brokerage accounts.
      Vote now!
    • They always were a parrather, they were always a component of another bank with a license, and thus their financial product line had no opportunity for expansion while averageereas typical commercial banks could offer loans, credit lines, individual investment, and brokerage accounts.
    • ADD a NEW CORRECTION! - Vakya 24ADD a NEW CORRECTION! - Vakya 24
  • Vakya 25
    • After a year of investment in marketing, development, and other stuff Qiwi decided to sell unprofitable Rocket bank, but eventually, no one wanted to buy it.
      Vote now!
    • After a year of investment in marketing, and development, and other stuff efforts, Qiwi decided to sell the unprofitable Rocket bBank, but eventually, no one wanted tonly to discover that there were no "buy iters".
    • ADD a NEW CORRECTION! - Vakya 25ADD a NEW CORRECTION! - Vakya 25
  • Vakya 26
    • After all, Qiwi decided to restructure and close the project and agreed with one of its main competitors, Tinkoff Bank, on the comfortable transition conditions for Rocket Bank clients.
      Vote now!
    • After all,In the end Qiwi decided to restructure and close the project and agreedenterprise and struck a deal with one of itsa main competitors, Tinkoff Bank, on the comfortable transition conditions forto assume the accounts -- according to favorable terms -- of the Rocket Bank clientsele.
    • ADD a NEW CORRECTION! - Vakya 26ADD a NEW CORRECTION! - Vakya 26
  • Vakya 27
  • Vakya 28
    • Based on the materials that I found on the Internet, it seems Rocket bank has never been a profitable business, they only spent the money of their investors, including the banks of which they were a part.
      Vote now!
    • Based on the materials that Iinformation I have found on the Internet, it seems that Rocket bBank hasd never been a profitable business, they, only spentding the money of theirits investors, including the banks of which they were a part. ¶
      and and their parent banks.
    • ADD a NEW CORRECTION! - Vakya 28ADD a NEW CORRECTION! - Vakya 28