Episode 131: Five key steps to a Growth Strategy

The difference between an idle business and a growing one is a growth strategy.  Most startups don't survive more than a few years and many side hustles quickly plateau and never reach their full potential.  How do we increase our odds of success?  A growth strategy.

Regardless of whether the growth is revenue, influence, social following or internally, growth doesn't happen randomly.  Long term growth requires a deliberate strategy that focuses everything we do on seeing growth.  Here are five key steps to developing a growth strategy:

1. Clarity: You have to know what you want

2. Focus: It's all about growth

3.Strategy: Nothing happens randomly

4. Metrics: How to measure progress

5. Invest, Invest, Invest: There's no slot machine for growth.

 

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