#5 Adopt Rigid Systems & SOPs
From daily reporting on core KPIs to fixed performance review periods, standardized systems are the antidote to the chaos and randomness behind inconsistent results and operational challenges.
Ask Yourself: Do you have systems in place to produce predictable and repeatable success?
#6 Ensure a Strong Operational Foundation
If you’re not careful, successful online demand generation for a popular product or service can overwhelm the tangible aspects of your business.
When shipments are slow or call centers are at capacity and you don’t have solutions, you could wind up leaving money on the table — or worse, issuing refunds.
Ask Yourself: Do you have the capacity to fulfill the demand you generate?
#7 Make ROI- and Profit-Focused Decisions
Now that we’re at the halfway mark, it’s important to look back at where we started.
It’s easy to get distracted, even when you know your desired outcome and magic number. Make decisions that ensure your energy and resources are directed at profitable projects, not just growth for growth’s sake.
Ask Yourself: Are you profitable enough to grow through experimentation, or are you too focused on revenue to take chances?
#8 Be Patient with Results and Quick with Your Actions
Scaling quickly and cashing in before a crash may work in some scenarios, but it’s a difficult way to build a business. Unpredictability creates challenges for owners, their teams, and potential buyers.
Ask Yourself: Do you want slow, consistent, and stable growth, or growth that is fast, high, and short-lived?