The SDG 8: Decent Work and Economic Growth aims to “promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all.” This includes various targets, such as increasing economic productivity, improving resource efficiency and promoting policies that support job creation and entrepreneurship. Since our AI sales assistant is geared towards solopreneurs and small businesses, which will undoubtedly support these goals.

Problems faced by Solopreneurs

Solopreneurs are a fast growing segment of the market worldwide. As of 2023, In the US alone, they made up about 36% of the workforce and showing significant growth year over year. Despite this, there are not enough solutions and support available to this rapidly growing market. Collective, a US-based startup, raised $82 million from Google AI, GV, and other prominent funds to address the accounting and financial needs of solopreneurs. They launched in 2020 with a waitlist of 100,000 businesses and saw a 10x growth in revenue over the last two years, highlighting the demand for such specialized solutions.

Most sales tools are geared towards enterprises and businesses that have the means to hire and maintain dedicated sales teams. As a result, solopreneurs face productivity challenges, potentially heavy workloads, and difficulties growing from one-person businesses to thriving enterprises. Most of them struggle with finding new customers, managing sales processes and relationships with existing customers, which are critically important for their business growth and stability. 

Key reasons behind these challenges are:

• Time Constraints: Solopreneurs wear many hats and have to juggle with multiple responsibilities, leaving limited time for sales and customer management which is crucial for the growth of any business. 

• Lack of Sales Expertise: Not all solopreneurs have the necessary sales experience required to manage new leads and pitch their product or services effectively which leads to missed opportunities and poor conversion rates, eventually causing revenue loss and instability. 

• Resource Limitations: With limited budgets, they cannot afford to hire dedicated sales teams or invest in overly complicated and costly CRMs like Salesfoce, Hubspot etc. Instead they rely on spreadsheets and part-time virtual assistants both of which waste their valuable time and energy required to grow from a one-person to a thriving enterprise.

How our AI Sales Assistant Promotes Economic Growth

Our AI Sales Assistant is designed to boost the productivity of solopreneurs. It augments their sales capabilities by providing contextual recommendations and tools to speed up their sales process. 

This AI can help achieve SDG 8 in several ways:

Enhancing Productivity:

Automation of Routine Tasks: The AI assistant automates repetitive and time-consuming tasks, allowing solopreneurs to focus on more complex and value-added activities.

Data Analysis: It can analyze large volumes of data to identify trends, opportunities, and potential issues, helping solopreneurs make informed decisions quickly.

Lead Generation and Qualification: It can help identify and prioritize leads based on data analysis, improving the efficiency and effectiveness of sales efforts.

Supporting Entrepreneurship:

Market Insights: Our sales AI can provide solopreneurs with valuable market insights, helping them to identify opportunities and make strategic decisions.

Customer Relationship Management (CRM): With an intelligent CRM system, our AI assistant can help small businesses manage customer relationships more effectively, leading to increased customer satisfaction and retention.

Sustainable Economic Growth:

Resource Optimization: Our product can optimize resource use in sales processes, reducing waste and improving overall efficiency.

Sustainable Practices: It can, in the future, help identify and implement sustainable business practices, contributing to long-term economic growth.

By addressing these socio-economic challenges, our AI sales assistant not only aims to increase solopreneur revenue stability and growth, reduce time spent on administrative sales tasks, and empower solopreneurs to focus on high-leverage activities but also contributes significantly to SDG 8. By enabling solopreneurs to compete more effectively in the market, drive sales growth, and build sustainable businesses, we foster economic development and support the creation of decent work opportunities. Our solution democratizes access to advanced sales capabilities, leveling the playing field for solopreneurs and enabling them to compete with larger enterprises, thereby promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all.