How 6PM Helped Jawhargy Succeed
Check out how 6PM helped Jawhargy succeed with our expertise and services in tech solutions to overcome challenges and achieve their goals.
The Background Story of Jawhargy
Jawhargy, a Kuwait-based startup, set out to transform the gold trading industry by making it easier and safer to buy, store, and sell gold online. Their innovative platform aimed to solve issues related to secure storage and transportation of gold, ensuring seamless and secure transactions. However, their journey faced challenges such as ensuring top-notch security, building user trust, and managing logistics.
- ensuring seamless and secure transactions
The Challenge
The founder of Jawhargy was passionate about productivity and efficient task management but faced significant obstacles. Despite having a clear vision, several key issues hindered progress:
Each attempt to find a solution seemed to push the dream further out of reach, leading to growing frustration.
- Agency Dilemma: The founder faced a dilemma in choosing an agency that understood their needs and could manage both the user and admin fronts. Most agencies were only interested in design and development, not in handling operational aspects.
- Hiring a Full-Time CTO: There was confusion about hiring a full-time CTO because they only needed a CTO for a short period of months. The challenge was to find a solution that provided the necessary expertise without committing to a long-term role.
The Journey of Jawhargy with 6PM
6PM implemented a structured, phased approach using their proprietary 6PM Model to address Jawhargy’s challenges. This model focuses on three key stages: Plan, Execute, and Scale.
- Plan
- Scale
- Execute
Plan: Forming the Right Technology Stack & Strategy
6PM began by providing a comprehensive planning phase, crucial for laying a strong foundation for Jawhargy’s technological needs.
Understanding the Operation of Jawhargy
Thoroughly analyzed Jawhargy’s operations.
Ensured technology solutions would integrate seamlessly with existing processes.
Understanding the Need for a Leadership Role
Identified the necessity for leadership to manage the transition from manual to automated processes and ensure seamless adoption of new technologies.
Tailored the approach to address specific organizational needs and challenges.
Developing an In-depth Product Roadmap
Conducted extensive market research using surveys, interviews, and SWOT analysis to inform the product strategy.
Mapped the user journey and identified pain points using Journey Mapping and Solution Matrix. Defined the MVP strategy with MoSCoW prioritization, focusing on essential product features and user needs.
Scrum Planning:
Addressed the challenge of migration and integration with existing processes.
Planned the transition carefully, considering Jawhargy was already using Excel.
Developed a comprehensive training document to guide the team on using the new system.
Ensured a smooth transition and minimal disruption to ongoing operations.
Execute: Building & Leading a High-Velocity Remote Team
With a solid plan in place, 6PM moved to the execution phase, focusing on building and leading a high-performing remote team.
Assembling a High-Performance Development Team
Finalized the technology stack and recruited a team of high-performing developers and designers efficient in the MERN stack.
The CTO and Product Managers led the hiring process, ensuring the team’s skills aligned with Jawhargy’s technological needs.
Establishing a Product Roadmap & Timeline
The CTO and team developed a detailed roadmap aligned with Jawhargy’s vision, planning the MVP for a three-month launch.
Integrated a payment gateway unsupported by our tech stack, collaborating closely with the payment provider’s team to make it happen.
Understanding and Adapting to Their Problems
Conducted an in-depth analysis of Jawhargy’s challenges to ensure the technology solutions addressed their specific issues.
Handling Current Non-Technical Problems
Implemented technical solutions to improve operational efficiency, such as automating manual processes and integrating existing tools.
Provided comprehensive training and support to help the team adapt to new technologies and processes.
Managing Large Transactions and Legal Issues
Implemented robust systems to handle large transactions securely.
Collaborated with legal experts to navigate and resolve any legal issues, ensuring compliance and smooth operations.
Scale: Ensuring ROI on Technology Investments
The final phase focused on scaling Jawhargy’s technology and ensuring a return on investment.
Aligning with Existing KPIs
Adjusted our approach to align with Jawhargy’s existing KPIs, with a primary focus on user adoption and engagement.
Identify Tech Opportunities
The CTO participated in discussions with the founder and enterprise clients in Kuwait to identify future potential features.
Conducted sprint review meetings to gather feedback and iterate on the product, continuously improving its functionality and user experience.
The Results
As Jawhargy progressed through the phases of the 6PM Model, the transformation was remarkable. What started as a confusing journey, filled with frustrations and setbacks, evolved into a structured, efficient, and ultimately successful venture.
The Launch in 3 Months
Successfully launched the MVP within 6 months, meeting the planned timeline and allowing Jawhargy to enter the market swiftly.
Increased Operational Efficiency
By going live within 3 months, we saved $60,000 by avoiding the implementation of features that were not needed or frequently used by users.
Business Expansion and Market Capture
Expanded their business by 30% and captured a new market segment, increasing market share by 20% within the first six months of operation, leveraging the robust and scalable technology infrastructure.
Confident Shift from Kuwait to Dubai
Gained the confidence to shift their business operations from Kuwait to Dubai, achieving a 50% increase in operational capacity. This move, previously impossible due to reliance on manual processes, resulted in a 35% growth in revenue.