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by rockyperezz
978 days ago
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Aside from all the useful tips already written here, I'd add the following:
Identifying and focusing on the areas that really push the needle forward is the biggest challenge for most but a very critical step. It is easy to fall into the trap of "looking busy, but getting no results". What worked for me and my startup is committing to split testing / A/B testing of various initiatives. Before any initiative we identify what is the best outcome, the worst outcome and the probably outcomes. Then we test A strategy for a few days, after which we experiment and switch to B strategy. At the end we see which one is better, eliminate what doesn't work and stick to what does. From there it's just further experimentation and split testing of strategies until you hit your end goal. This experimentation and identification of what pushes the needle forward takes time to refine which is why most startups (and businesses overall) take around 2 years to breakeven. |
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