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Monitoring Your Metrics
Don’t fudge the metrics. You’ve calculated your economic model to predict your future profits from current losses. Now, don’t be overly optimistic. Pay attention to the metrics that signal the greatest impact on your business and be realistic in your measurements.
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Scaling and Sales
When scaling your company, the biggest thing that’s going to change is your distribution engine. You’re moving away from your entrepreneurial sales model, and what you’re trying to build is a replicable, scalable distribution machine that will allow you to efficiently grow your business.
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Scaling Product Development
If you’ve reached product-market fit, it means you’ve got the innovation piece nailed. You’ve figured out how to take an idea and package it into a product and deliver it to market. Now comes the challenging part, taking early traction and expanding it into broad market penetration.
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The Cost and Time of Scaling
How much does scaling cost and how long is it going to take? The answer is, it depends. Depending on your company and your industry, the timeline for scaling could be vastly different. The key is to understand which timeline matches your company’s profile, and to adhere your goals and metrics to meet this.
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