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 importance
- When entire team look at a single equation with a couple key variables, it helps prioritize and focus
- Once you have growth model version 1.0, you will naturally begin to find questions to ask. As you ask more questions, you change how you do business, or adjust your model, or do both, and so on and so forth
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