Over $8.5m ARR in 4 Years | I help to drive growth at startups through Connectd by linking founders with expert talent and investors | Exited Founder
We have over 5,500 members in the Connectd community. Here’s what we see the top-performing startups on our platform do: ✅ DO: 👉 Religiously analyse your metrics and adjust your focus accordingly: Data is your guide through uncertain times. Cut the bs and focus on these key growth metrics when thinking about your future Revenue 📈 Average Revenue Per User 🔢 Churn Rate ♻️ CAC (Customer Acquisition Cost) : LTV (Lifetime Value) Net Revenue Retention 🤝 Payback Period ⏳ Understand what good looks like, understand where you need to be, and understand how you’re going to get there. 👉 Speak to your team and ensure everyone is aligned with the plan: Transparency and collaboration are crucial. Empower your team to solve significant problems by involving them in key decisions and giving them accountability. Incentivise everyone and ensure those incentives align with the metrics above. ❌ DON'T: 👉 Stick you head in the sand In the fast-paced world of startups, optimism is valuable, but assuming that issues will resolve themselves, and not aggressively hunting them, is a one-way street to failure. 👉 Delay addressing the issue: Procrastination can be detrimental in the startup world. The longer you wait to tackle declining growth, the harder it becomes to reverse the trend. We’ve seen that the most successful startups on our platform have agility as a core trait. Being agile means not just adapting to change, but actively seeking it. Key: Once you’ve made a decision, stop messing around and make it happen. Founders, how do you foster an agile environment in your startup? Let me hear your thoughts in the comments. #Founders #Startups #Entrepreneurs
