Jordensky’s Post

metrics that keep startup alive 🏃♂️ . . 1. Runway 2. PMF 3. Recurring revenue 4. Burn Multiple 5. Churn 6. Compounded Growth Rate 7. Active users 8. Conversion Rate 9. CAC 10.Payback Period Mention in comment, which relevant metrics do you track for your startup ?

Looking for some killer startup growth hacks? Take a look at some of the best hacks startups are using to accelerate growth and gain a competitive edge: #GrowthStrategies #growthmarketing #growthhacking #growthmindset #conversionoptimization #growthstrategies #marketingstrategies #revenueoptimizationhacks

Focus is key. This post is a quick reminder to focus your efforts as an early-stage startup. Here’s the rule of ones. -> One niche/segment/client profile -> One pain/problem -> One product/service/feature -> One acquisition channel -> One conversion method Having multiple services & lots of features that solve lots of problems may seem like it is going to attract lots of customers easily. In reality, that’s rarely true. 🔺 You end up not having the resources to get any of the features/services good enough.  🔺 Your customers end up not resonating with what you offer because you try to appeal to too many people too early.  🔺 You end up jumping from channel to channel trying to attract at least someone. Sticking to “ones” is beneficial in a couple of ways: 🔹 You focus on getting one thing done well rather than many things poorly. 🔹 You can deliver a greater product with less effort if you take a narrower client profile or use case.  🔹 You can communicate a more direct value proposition that resonates better. Experiment to find what works for you, and prioritize ruthlessly to avoid diluting your efforts too early in the journey.

Most founders never find product/market fit because they don't ruthlessly rank their questions, learnings and sources for both. Create explicit habits around questions and learnings. With time, they may become culture at your startup. Questions guide you to your unique insight. Learnings translate the answers into actions. Paired they are the engine of progress. Constantly evaluate the value and quality of conversations, surveys, mock ups, reading, features, payment and analytics against your goal: gathering and metabolizing learnings as quickly as possible. Too much time spent generating unoriginal learnings kills startups daily.

Here's the cold hard truth about startup growth no one is talking about.   For every startup doing is well, 10 do it wrong:   💡 Most growth happens during iteration.   -Want to tap a new acquisition channel? Iterate.   -Want to find high-performing ad creative? Iterate.   -Want to nail fast "time to value" & activation? Iterate.   -Want to find the features that drive retention? Iterate.   The fastest growing startups build first-class process for iteration.   B/c they’ve accepted a hard truth about startups that win ➡️   Good things take time.

Struggling to find product-market fit? Here’s what worked for us. Finding product-market fit is a critical milestone for any startup. We spent a lot of time talking to potential customers and testing different versions of our product. The key was to stay patient and persistent. We knew we had found product-market fit when customers started using our product without us having to push it heavily. It was a game-changer. Here are three tips for finding product-market fit: 1. Talk to Customers: Understand their needs and pain points. 2. Test and Iterate: Continuously improve your product based on feedback. 3. Stay Persistent: Finding the right fit takes time, so don’t give up. How did you find product-market fit for your startup? Let’s discuss! #ProductMarketFit #MarketFit #CustomerValidation #StartupSuccess #ProductDevelopment #BusinessStrategy #LeanStartup #MarketResearch

Successful startups in just 9 power-packed sentences! 1. Spend less, gain more. 2. Speed up your launch. 3. Never, ever give up. 4. Focus, focus, focus - Distractions? Ditch them. 5. Adapt & Grow - Let your ideas evolve. 6. Stay positive 7. Choose Wisely - Your co-founders make or break your journey. 8. Know Your Audience - Understanding your users is pivotal. 9. Outstanding customer service is your secret weapon. Ever wondered how different your startup journey would be? What are your thoughts?

Business Models You Must Know Outlined below are 31 different business models with examples of companies that utilize them. https://lnkd.in/dWnd6WX9

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Simply explaining what your startup does, is sometimes not easy, but it is alway very necessary. Think of all the big companies and brands that you use every day, you can easily explain what they do in a single sentence. So an interesting exercise is to do the same for your company - What does it do in a single sentence? Make sure that customers can easily relate to it. Bonus points if you do not use complex, over generalized words like "Platform/Layer/OS/toolset". After you do that, and vet it with customers, make sure the entire team understand and know it by heart. This will make things a lot easier for everyone.