3 Biggest Metrics For Growth In Your Business
Sometimes the biggest impacts are the ones we easily overlook. When your business runs into a slump and you want to fix it, your natural inclination is to look to add something new. Maybe you should try Facebook Ads, or you heard Instagram Reels are great, or maybe you need a new lead magnet?
But what if, before jumping to add something new, I told you that the biggest growth metrics are much more foundational. Almost so foundational that you have probably never even analyzed these very metrics that could make or break your business.
I initially learned this method from Alex Hormozi on his podcast, The Game, so I can’t take credit for these concepts. You should go check out his podcast for his insight on this concept and just all around great insights on business in general. But here is my take on these three growth metrics and how this matters to you.
#1: YOUR MARKET
If sales are in a slump, the very first thing you need to look at is the market you are in. I don’t mean the overall market; I mean, your niche or who you are making your sales to. You are going to want to look at some key metrics related to your market to determine if this slump is related to something you are doing (which is good, because you can fix it), or whether it is related to an overall decline in the market…