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Tropical MBA: Entrepreneurship & Founder Lifestyle
#769 - $100K MRR in 12 Months… Can They Do It?
Aug 22, 2024
46:51
Snipd AI
Two ambitious co-founders aim to boost their monthly recurring revenue from $30,000 to $100,000 in just a year. They share innovative strategies like repackaging products for premium pricing and refining their sales calls. The importance of understanding customer needs and optimizing business models is emphasized, along with the emotional ups and downs of entrepreneurship. With a focus on effective marketing and collaboration, they plan to harness their resources for growth in the immersive media education sector.
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Quick takeaways
- The co-founders aim to boost their monthly recurring revenue from $30,000 to $100,000 in 12 months by optimizing pricing strategies and improving customer retention.
- By focusing on structured planning and leveraging existing resources, entrepreneurs can significantly enhance their business growth and customer value.
Deep dives
Housekeeping Announcements and Growth Aspirations
Upcoming events and applications for free tickets to programs are highlighted, showcasing the excitement surrounding the community. The episode transitions from announcements to a business breakdown, focusing on a group currently generating $30,000 in monthly recurring revenue (MRR). They aim to reach $100,000 in MRR within the next year despite experiencing growth stagnation. The discussion emphasizes how entrepreneurs often engage in a project-based approach, exploring effective strategies to establish a focused plan for achieving their ambitious goals.
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