Simple Business Model - Your Roadmap
Track the Key Metrics that Drive Growth and Revenue:
Traffic
Conversions
Profit
The essence of any business is to draw in traffic and transform these visitors into leads, eventually turning them into paying customers. The objective is to accomplish this at a cost that is less than your sales revenue.
1. Get Your Numbers
The first step is to understand your numbers to ensure your business can grow.
Estimate Your Numbers
Use industry benchmarks.
Make educated guesses based on similar businesses.
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Remember! 👇🏻
No business plan survives first contact with customers.
Savvy investors know this and don’t overemphasize getting numbers perfect initially. Instead, focus on:
Gaining a deeper understanding of your business.
Creating an initial pitch and proposal to gather feedback from potential clients.
Perfection isn’t the goal—it’s impossible without data. To get that data, you need to start conversations with your customers.
2. Validate Your Numbers
Once you have estimates, the next step is to validate them.
Define your Business, to identify gaps and opportunities.
Generate your website and start gathering real-world feedback.
With feedback, you can:
Adjust your strategy.
Refine your numbers.
Build confidence in your business model.
Validation is an ongoing process, but it sets the stage for a scalable, data-driven business.
