In the last couple of months many of us have been struggling for business survival. Now we are coming out of it we are at a crossroads.
Option 1: Back to the future.
Put all the bits and pieces into place just the way they were back in 2019. And hop back in the treadmill hoping that “this time my business will scale”. For the obvious reason that well,…that you picked things up where you left them middle of march.
“Along the journey we commonly forget its goal” F. Nietsche
But this is the low-probability-option to a scaleable business. Our businesses oftentimes had become an amalgam of different services and products trying to serve many different customers. And therein lies the reason for a very low Result/Work ratio…
Or Option 2: Hack value before you hack growth
This means going back to your customers and find out what they truly love 💙 about you, your company and what you have to offer. Find what it is they cherish and crave. And drop the rest. Listen, ask, interview. That is where the secret treasure is to be found 🏆.
Find your core, your focus, your true north through customer discovery.
This the focus 🎯 for your start-up. Cut the rest.
note: you have a number of asymmetrical advantages in your pocket already: existing customers that trust you, services and products you sold and got paid for, a team of knowledge people, sorted out the messy stuff of operating a company,… all things that allow you to spend all time and attention during the next few weeks on finding what it is people love about your company.
Hack Value before you hack growth…It is the starting point for success and scale as a start-up.
Now is the time to decide if you want to re-create the business you had or become the business you always wanted to be.
Choose wisely and embrace the consequences.