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In this episode, Mike discusses the practical application of the Bloom Growth Model in business, focusing on identifying key business metrics that truly matter. He shares insights from his experience with the ILN and emphasises the importance of setting realistic growth goals and weekly KPIs to drive business success.

Keywords

Bloom Growth Model, business metrics, ILN, growth goals, KPIs

Takeaways

Identify business metrics that truly matter.
Implement Bloom Growth Model for business success.
Set realistic growth goals and KPIs.
Focus on member referrals as a key metric.
Balance profit and member experience.
Use weekly KPIs to track progress.
Create content that resonates with your audience.
Apply the 95-5 budget principle for member experience.
Build an ecosystem that feeds each other.
Execution and communication are key to success.

Chapters

00:00:01 Introduction to Bloom Growth Model
00:00:28 Implementing Bloom in ILN
00:00:57 Identifying Key Metrics
00:01:53 Setting Growth Goals
00:02:50 Weekly KPIs and Execution
00:05:18 Balancing Profit and Experience
00:10:02 Referral Strategies
00:13:24 Member Experience and Budgeting
00:18:02 Content Creation and Ecosystem

Find out more about working with me or about applying to join the ILN. mike@smbmastery.com.au

https://www.linkedin.com/in/mikeadamscott/

https://theintentionalleaders.com/

EP45 How to Identify the Metrics That Actually Matter