The Game with Alex Hormozi Good Enough For Growth | Ep 227
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Aug 7, 2020 Discover what 'good enough' really means for business growth and how to navigate the challenges of scaling. Learn the key metrics like churn rates and acquisition costs that can drive profitability. Explore actionable strategies to push your business forward and know when to accelerate. Alex shares insights on setting 30-day goals, adjusting pricing, and optimizing customer retention. Tune in for practical exercises to assess your progress and keep moving towards your growth targets!
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Good Enough for Growth
- Alex Hormozi realized that obsessing over churn can hinder growth.
- He learned to accept an "acceptable level" and shift focus to customer acquisition.
Projecting Growth
- Project growth based on current, not ideal, numbers using a spreadsheet.
- This helps identify realistic levers and set achievable goals.
Key Growth Drivers
- Identify key growth drivers: upfront cash, pricing, conversion, and churn.
- Analyze which levers have the biggest impact and focus on those you can control.