Quote by JOHN WARRILLOW - Deepstash
Ultimate Guide to Reducing Churn

Learn more about moneyandinvestments with this collection

How to analyze churn data and make data-driven decisions

The importance of customer feedback

How to improve customer experience

Ultimate Guide to Reducing Churn

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JOHN WARRILLOW

“To sell your business, you need to demonstrate to a buyer that you have a sales engine that will produce predictable, recurring revenue."

JOHN WARRILLOW

52

322 reads

MORE IDEAS ON THIS

About finding an advisor

Find an adviser for whom you will be neither their largest nor their smallest client. Make sure they know your industry.

Avoid an adviser who offers to broker a discussion with a single client. You want to ensure there is competition for your business and a...

44

202 reads

Owning a process puts you in control

Owning a process puts you in control

  • Owning a process makes it easier to pitch and puts you in control. Be clear about what you’re selling, and potential customers will be more likely to buy your product.
  • Don’t become synonymous with your company. If buyers aren’t confi...

51

286 reads

Using the right language

If you want to be a sellable, product-oriented business, you need to use the language of one.

Change words like “clients” to “customers” and “firm” to “business.” Rid your website and customer-facing communications of any references that reveal you used to be a generic service business...

46

213 reads

Don't rely too much on just one client

Relying too heavily on one client is risky and will turn off potential buyers.

 Make sure that no one client makes up more than 15 percent of your revenue.

53

378 reads

Sales and sales reps

Sales and sales reps

  • Take some time to figure out how many pipeline prospects will likely lead to sales. This number will become essential when you go to sell because it allows the buyer to estimate the size of the market opportunity.
  • Two sales reps are always better than one.

48

199 reads

Don’t generalize. Specialize

Don’t generalize. Specialize

If you focus on doing one thing well and hire specialists in that area, the quality of your work will improve and you will stand out among your competitors.

53

412 reads

JOHN WARRILLOW

“Don’t be afraid to say no to projects. Prove that you’re serious about specialization by turning down work that falls outside your area of expertise. The more people you say no to, the more referrals you’ll get to people who need your product or service.”

JOHN WARRILLOW

59

486 reads

Scalable things meet three criteria

Scalable things meet three criteria

  • They are “teachable” to employees (like the Stapleton Agency’s Five-Step Logo Design Process) or can be delivered through technology;
  • They are “valuable” to your customers, which allows you to avoid commoditization;
  • They are “repeatab...

48

237 reads

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Efficiency > Capital

  • PaintNite: While their competitors relied on a slow, expensive franchise sales model, PaintNite paired art teachers with existing bars that wanted to sell wine on weekdays and created a business that did $30 million in revenue the year before it raised venture capital.

Demonstrate your accomplishments

  • Demonstrate that you have taken on additional responsibilities and provide specific details about your accomplishments. 
  • Share examples of projects you have completed and how they’ve positively impacted the business. Was there an increase in revenue? Did you save a cust...

Value your startup with the Comparable Transactions Method

Value your startup with the Comparable Transactions Method

The Comparable Transactions Method is really just a rule of three.

Depending on the type of box you are building, you want to find an indicator that will be a good proxy for the value of your box. This indicator can be specific to your industry: Monthly Recurring Revenue (Saas), HR head...

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