Phase 4. Evaluation and Growth
Track performance, test resilience, and strategize for sustainable scaling and innovation.
ENTREPRENEURIAL JOURNEY
12/15/20241 min read
Track KPIs:
Use dashboards to track performance metrics such as customer churn, repeat purchase rates, and operational efficiency.
Set clear benchmarks to measure success and identify areas for improvement.
Simulate Scenarios:
Conduct “what if” analyses to test resilience against potential market disruptions.
Use iterative prototyping to continuously improve product offerings.
Plan Scaling:
Identify growth opportunities through market expansion or new product lines.
Address scalability challenges in operations, cash flow, and customer acquisition.
Cultivate innovation by investing in R&D and fostering a creative company culture.
You can find additional insights on our Evaluation and Growth Phase here!