In this episode of Envisioning Success, Laura DiBenedetto and Julia Becker Collins discuss the importance of breaking conventional rules in business, particularly the notion of chasing growth for its own sake. They emphasize the need to define growth, the significance of pausing for reflection, and the critical role of customer retention. The conversation also highlights the pitfalls of vanity metrics and the necessity of leveraging data for strategic growth, ultimately advocating for a more thoughtful and purposeful approach to business expansion.
Takeaways:
1 - Stop chasing growth for the sake of growth.
2 - Define what growth means to you beyond just numbers.
3 - Customer retention is more cost effective than acquisition.
4 - Avoid focusing on vanity metrics; prioritize real results.
5 - Data analysis is crucial for understanding business performance.
Ideas or Questions? Contact us on our website here, or our socials below! https://vision-advertising.com/contact/
Sign up for our newsletter here! https://vision-advertising.com/e-news...
Chapters:
00:00 Introduction to Breaking Rules in Business
04:14 Defining Growth: Quality Over Quantity
10:09 The Importance of Pausing for Reflection
11:45 Customer Retention: The Key to Sustainable Growth
16:09 Avoiding Vanity Metrics: Focus on Real Results
21:15 Leveraging Data for Strategic Growth
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.