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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