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Powerful growth strategies & frameworks that work

Overall
5 out of 5 stars
Performance
5 out of 5 stars
Story
5 out of 5 stars

Reviewed: 07-03-24

As a technical founder transitioning to a more strategic role, this book has been invaluable. The author's insights, drawn from his experience with 150+ startups, offer a perfect blend of high-level strategy and actionable tactics.

What I loved:

1.) Pricing Strategies: Distinguishes between pricing structure (tiers, billing frequency, feature set) and strategy (e.g., penetration pricing) to break apples-to-apples comparisons with your competitors. Richmond explains how to align these with buyer perceptions and competitor offerings for optimal growth and profit.

2.) Product-Market Fit: The "Light Switch and Light Dial Model" reframes PMF. It's not just on/off, but a dial of strength measured by sales becoming faster, easier, more frequent, and bigger. This nuanced view helps optimize fit incrementally.

3.) Competitive Differentiation: Richmond explains how changing your product's mechanism (how it works) and establishing authority can break the price competition trap. It's about creating an apples-to-oranges comparison that buyers can't easily make.

4.) Lifetime Customer Value (LTV): He goes beyond basic LTV calculations, introducing concepts like LTV growth potential and efficiency. He explains how to use these for targeted investments in specific customer segments and journey touchpoints.

I loved the heavy emphasis on practicality and not just theory. Richmond provides actionable frameworks and methodologies that can be immediately implemented.

Highly recommended.

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3 people found this helpful

Helps new entrepreneurs to learn key growth levers

Overall
5 out of 5 stars
Performance
5 out of 5 stars
Story
5 out of 5 stars

Reviewed: 11-17-23

Great for people who need to learn the core, evergreen growth levers of B2B business and a helpful resource for all new entrepreneurs.

Concise, helpful lessons on growing your startup - with guidance on pricing, marketing, picking a niche and churn reduction.

I listened to this while simultaneously following along in the print version I also bought. Recommended.

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