The Kelly Roach Show
952. How To Increase Profits And Peace By Wildly Simplifying Your Business!
Sep 11, 2023
Learn how simplifying your business and reducing mental load can increase profits and peace. Focus on customer retention and eliminate unnecessary complexities. Discover the importance of simplicity in achieving predictability, financial security, and a balanced life.
18:37
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Quick takeaways
- Understanding opportunity costs helps prioritize activities that impact customer acquisition and growth.
- Focusing on customer retention is vital for sustained growth and profitability.
Deep dives
The Importance of Simplifying Your Business
Many entrepreneurs neglect to consider the concept of opportunity cost and mental load in their business. Juggling multiple tasks and priorities leaves little room for creativity and problem-solving. When our mental load is overwhelming, we tend to focus on temporary solutions instead of permanent problem-solving, hindering business growth. Understanding opportunity costs is crucial for success, as it helps prioritize activities that directly impact customer acquisition, retention, and market share growth.
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