Learn more about strategy with this collection
Essential product management skills
How to work effectively with cross-functional teams
How to identify and prioritize customer needs
Definition Is More Important Than A Dashboard 📊
Most people focus on "building a dashboard." But what is 10X more important is choosing which metrics are important and defining those metrics well.
Defining is more complicated than people think. For example, there are many ways to define a retention metric depending on your product. Your dashboard is a method to communicate your metrics, which is important, but useless if you choose and define them poorly.
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Outputs vs Inputs ℹ️
Most metrics like a retention metric or revenue metric are output metrics. These are metrics you should should monitor.
Giving output metrics to teams as goals can be dangerous. They need to know how to break them down into input metrics to make them actio...
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67 reads
Usage First not Revenue First
This is the most common version of outputs vs inputs. Usage creates revenue, revenue does not create usage. As a result the most important metrics in terms of creating growth are not your revenue metrics, they are your usage metrics.
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Metrics are not a replacement for Strategy
Your metrics are a reflection of your strategy. They help answer, is the strategy working? Metrics without strategy is like looking at a bunch of random numbers.
You need to define the strategy before you define your metrics. What are the key hypotheses of the strategy? Wh...
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139 reads
Retention ≠ Engagement 😕
Lots of teams think retention and engagement are the same things. They are not:
- Retention is binary. It answers the question, was this person active within my defined time period? Yes or no.
- Engagement is depth. It answers the question, how a...
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104 reads
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Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
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Discover Your Values
Being able to achieve a success metric is hard, but knowing which metric to achieve is even more important. Discover what you value and choose your own metrics for success, otherwise, your environment will dictate it for you, which could be unfulfilling for you.
Work towards your own idea o...
What is programming?
"Programming is how you get computers to solve problems".
There are two key phrases here which are important:
- You: without the programmer (you), the computer is useless. It does what you tell it to do.
- Solve problems: com...
Creating a habit is a ritual
- The book is full of ways we can capitalize on the happiness advantage, but without actually putting those strategies into action, they remain useless.
- The key to creating habits is ritual, repeated practice, until the actions become ingrained into your brain'...
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