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In this episode, Mike discusses the practical application of the Bloom Growth Model in business, focusing on identifying key business metrics that truly matter. He shares insights from his experience with the ILN and emphasises the importance of setting realistic growth goals and weekly KPIs to drive business success.
Keywords
Bloom Growth Model, business metrics, ILN, growth goals, KPIs
Takeaways
- Identify business metrics that truly matter.
- Implement Bloom Growth Model for business success.
- Set realistic growth goals and KPIs.
- Focus on member referrals as a key metric.
- Balance profit and member experience.
- Use weekly KPIs to track progress.
- Create content that resonates with your audience.
- Apply the 95-5 budget principle for member experience.
- Build an ecosystem that feeds each other.
- Execution and communication are key to success.
Chapters
- 00:00:01 Introduction to Bloom Growth Model
- 00:00:28 Implementing Bloom in ILN
- 00:00:57 Identifying Key Metrics
- 00:01:53 Setting Growth Goals
- 00:02:50 Weekly KPIs and Execution
- 00:05:18 Balancing Profit and Experience
- 00:10:02 Referral Strategies
- 00:13:24 Member Experience and Budgeting
- 00:18:02 Content Creation and Ecosystem
Find out more about working with me or about applying to join the ILN. mike@smbmastery.com.au
https://www.linkedin.com/in/mikeadamscott/
https://theintentionalleaders.com/
