The first thing you want to do when you start a new business is figure out how to grow it. This is especially true for startups, because you don’t have any funding and can’t afford to lose money. It’s a common misconception that you need a huge amount of capital to start your startup.
Growth is a tricky thing. You want to know how much your startup is doing, but you also want to know what activities are driving growth. We’ve all seen the growth dashboards and graphs that people have created to help them understand the success of their startup. But, what if there was a way for you to not only see your progress, but also understand why?
Last weekend I took a group of startups through the important metrics in their business, how these metrics are connected, and what activities drive growth.
From there we looked at what new activities we could plan and execute to drive those metrics even further in the right direction. What experiments we could come up with to evaluate and then boil down to one or two that we can implement.
Startup Growth Strategies – see more content like this.