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Entrepreneurs on Fire

How to Build a Customer Lifecycle with Saumil Mehta

Entrepreneurs on Fire

John Lee Dumas

Business, Careers, Entrepreneurship

4.84.1K Ratings

🗓️ 6 October 2021

⏱️ 36 minutes

🧾️ Download transcript

Summary

Saumil Mehta leads Square's Square Point of Sale and CRM business unit. His responsibilities include overall ownership and organizational management across multiple functional disciplines, including Product, Engineering, and Design.

Top 3 Value Bombs:

1. Success The Square's mission is to democratize access and participation in the economy for traditional or underserved audiences.

2. As entrepreneurs, you can now use the most robust tools available to design an exceptional customer life cycle that helps your brand be omnichannel friendly.

3. It is not too early to get started today to produce outstanding customer experiences and brand advocates.

Visit for more information on how to start, run, and grow your business - Square's Business Resource Center

Sponsors:

Klaviyo: The email and SMS platform built specifically to help ecommerce brands earn more money by creating genuine customer relationships. Give it a try with a free account at Klaviyo.com/fire!

Idea to Store Contest: It's time to turn your ecommerce idea into a reality with the Idea To Store contest! For details visit www.ideato.store today!

Transcript

Click on a timestamp to play from that location

0:00.0

Boom! Shake the room, Fire Nation! JLD here and welcome to Entrepreneurs on Fire, brought to you by the HubSpot Podcast Network with great shows like Business Infrastructure.

0:12.5

Today we'll be focusing on how to build a customer lifecycle. To drop these value bombs, I brought Somal Meta and the EO Fire Studios.

0:20.3

Somal leads Squares, SquarePoint of Sale, and CRM Business Units. His responsibilities include overall ownership and organizational management across multiple functional disciplines, including product engineering and design.

0:32.8

In today's Fire Nation, we'll talk about the customer lifecycle, the connection of that to customer experience, the tools that businesses can use to build out your customer lifecycle fire nation, omnichannel and so much more when we get back from thinking our sponsors.

0:49.3

Have an idea for an online store, but stuff because you don't have the courage or resources to take action, that stops today.

0:56.3

It's time to turn your e-commerce idea into reality with the idea to store contest. For details, visit www.ideatoo.store today.

1:05.3

That's www.ideatoo.store. Turn your small e-commerce business into the next big thing with Clavio. Clavio is the easy to use email and SMS platform that gives you everything you need to build genuine relationships with your customers.

1:20.3

Give it a try with a free account at clavio.com slash fire. That's KLA, vi.o.com slash fire.

1:28.3

Samo, say what's up to Fire Nation and share something that you believe about becoming successful that most people disagree with.

1:38.3

What's up Fire Nation? Great to be with you all and obviously great to be with you, John. Thank you so much for inviting me.

1:46.3

It's a great question. What I would say, and I don't know how unpopular this will be, but what I would say is that unlike what most people would say, I am comfortable with both regret and jealousy as emotions.

2:04.3

You hear a lot these days about how regret is bad and you should just kind of put that aside or how jealousy is terrible you should just run your own race and there's truth to all of that.

2:15.3

What I found over the years though is that if you can pay attention to your feelings and if you can pay attention to why there's regret or why there's jealousy.

2:26.3

And of course, put that aside and use that to inform your future actions. It's a more productive way to live and a more informed way to live than to simply say, well, regrets are terrible, jealousy is terrible. Let's just move on.

2:41.3

So that's maybe one thing that I can offer in Fire Nation. That's why I love starting off with that question because it brings some really unique perspectives.

2:49.3

And that's exactly what we're trying to do here, give you some different perspectives about how to look at life, how to think about life, how to operate within business. And as I mentioned the introduction, Somal, I mean, he leads squares point of sale and CRM business unit.

3:04.3

And we'll be talking about building a customer lifecycle today. But first off, Somal, I want to dive in and have you tell us a little bit about square. So Fire Nation can get a good gest of what square is and does. And specifically what you're trying to solve.

3:20.3

I can talk about this for hours, but I will aim to keep it short. And the squares mission is economic empowerment. We wish to democratize access and participation in the economy for audiences that we would consider traditionally or even currently underserved.

3:40.3

Many people know the story, but if you don't, we started over 10 years ago with the smallest of small businesses, the flower shop or the flower cart down the street that wasn't accepting credit cards and thereby losing business.

3:54.3

The taxi cab driver that was stuck with a pretty poor way to actually manage transactions and accept payments. And over time, we've also started to serve consumers through cash app and hopefully artists in the future through title.

4:11.3

Me and my colleagues are focused on the seller business on the seller side of the business, which serves businesses, what we call them sellers of all sizes, all categories and increasingly more and more countries.

4:24.3

On the seller side, specifically, we help businesses start run and grow their business through well integrated, well designed tools, any collection of what we would call APIs to boot. And the purpose again is to help these businesses get access to tools that they might not have to help them grow their business through tools that were previously unavailable.

...

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