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How to analyze churn data and make data-driven decisions
The importance of customer feedback
How to improve customer experience
What Does A Growth Model Look Like?
When you build a mathematical model, you need the following components:
- Inputs
- Function
- Output
The same applies to a growth model.
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Benefits of a Business Growth Model
- The process of uncovering all variables and then synthesizing them into one single equation will deepen your understanding of the business
- Growth model also helps you assemble individual metrics into a big picture, and force you to think about their relationships and the relative imp...
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Start Constructing Your Business Growth Model
Leave the numbers and equations aside and start with a high level conceptual model that captures the core levers of growth. This alone will provide a valuable framework to help you make good decisions.
Bottom line is this model should explain how your business will grow, in a way that ...
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What is A Growth Model?
At its core, a growth model boils down to a way to conceptualize and summarize your business in a simple equation, which allows you to think about growth in a holistic and structured way.
“A growth model is an equation that tells you what are the different variables in your business an...
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Do You Have To Create A Growth Model?
The answer is no. Why? Simple: your time is limited, it probably makes more sense for you to spend time on improving your product and growing your initial user base, rather than on building a growth model.
Still, there are unique benefits of going over the exercise of creating a growth mode...
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A Basic Growth Equation
In Andy Johns’ interview, he shared a basic growth equation which he learned from his his former boss, Chamath Palihapitiya, who then ran growth at Facebook.
Growth = A (top of funnel) * B (magic moment) * C (core product value)
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Related collections
Other curated ideas on this topic:
A working memory model
The working memory model of Alan Baddeley divides the working memory into four components:
- The phonological loop. It is mostly the temporary storage of sounds.
- The visuospatial sketchpad. The sketchpad stores two- and three-dimensional image...
Business Model
How do you earn money? Address this question comprehensively as investors will need to have a profound understanding of your business model (SaaS, transaction-based, commission-based, etc.)
They will only invest if they believe in a strong (financial) growth, which is directly conn...
The Reliability Of A Mental Model
The most important part is to check the consistency of any mental model when the same circumstances are applied repeatedly. Ideally one has to get the same result. This is usually done by:
- Test-Retest Method: A set of diverse and repeated tests can check the reliabil...
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