How to Use Experimentation to Find the Right Areas of Entrepreneurial Focus; Importance of Rest & Play in Entrepreneurship with Amina Moreau, Co-Founder & CEO Radious
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Welcome to your Weekly Traction Briefing - your 5-min weekly growth playbook where we break down what's happening in business, how to Get Sh!t Done, and how to grow. If this briefing is helpful to you, share it with your friends so they can grow with you & thousands of other entrepreneurs.
🍵 THIS WEEK'S TEA
"Quiet Quitting" is a distraction. "Quiet Firing" is the problem. You know those dumb companies forcing people to return back to the office? That's a ploy to get people to quit. Why? They don't want to pay severance Some of the worst forms of capitalism. Do NOT model this in your company unless you are ok with becoming the oppressor 500,000 jobs were created last quarter. Yup. LinkedIn is bombarding us with annoying a** layoff news every second but they're failing to tell us about a crap load of new jobs created. Tech only makes up 2% of the workforce. Great reminder that innovation goes beyond the tech industry. In f**k boy news, Miyoko Schinner, founder of THE Miyoko's brand is being sued by her board. "Is it just a competition where the winner takes all? The current model supports a few gaining a lot, and then some through consolidation, while others never get their foot in the door. See what the founder had to say here. This is a lesson to founders - don't get it twisted. Your board members and investors will have your back until you seem like a threat to their vision of returns. You are not the exception. #StayWoke
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👑 Founder: Amina Moreau | Company: Radious | Location: Portland, OR
🧾 Receipts: Amina has scaled her business to 120+ spaces across two cities, 40+ corporate customers with 50% repeat business, growing waiting list across the country and beyond. She's also a serial entrepreneur who has successfully scaled and exited two other businesses.
💸 HERE'S YOUR TRACTION BRIEFING
How Rest and Play Is A Key Part of the Entrepreneurship Journey
Find Your Sweet Spot - "You have to find ways to make it playful. You have to find ways to enjoy it otherwise why are you doing it? What I realized though is that while playing for fun is fun, playing to improve is also fun. Playing to compete is also fun. However, you have to do it in a way that feels right for you, and figuring out what that sweet spot is takes some work." - Amina Moreau. Learn more about how Amina has approached rest and play to help her successfully scale three companies HERE.
🛠️ MORE TOOLS TO GET IT DONE: Learn how founders can practice self-care HERE.
🤗 BECOME A MEMBER: Ready to grow you? Join a powerful, hyper-connected, and supportive network helping you grow your business, reduce overwhelm, and teaching you how to hit goals consistently. Explore our membership HERE.
How to Find Your Focus
Experiment, Experiment, Experiment - If you're looking to find your focus and achieve success, there's one thing you absolutely can't skimp on: experimentation! By trying out new ideas, taking calculated risks, and keeping an open mind, you'll discover what works best for you and refine your approach to achieve success. And the best part? Experimentation helps you stay nimble and adapt to changing circumstances, ultimately leading to even greater success and fulfillment. HERE is how Amina approaches experimentation.
🛠️ MORE TOOLS TO GET IT DONE: Learn how to test digital business ideas HERE.
When Resources Are Limited, How Do You Experiment?
Conduct Market Research - "One classic mistake that entrepreneurs often make is that they have this idea they want to put out into the world. Sometimes it works as is, but if you're unwilling to take feedback and make changes, you might not be building something that other people want. You might be building something that you want to put out there regardless of whether other people want it." - Amina Moreau. Market research is essential for entrepreneurs, especially when resources are limited and experimentation isn't an option. By conducting thorough research, you can gain a deep understanding of your target audience, competitors, and market trends, helping you make informed decisions and avoid costly mistakes. Learn more HERE.
🛠️ MORE TOOLS TO GET IT DONE :Learn why market research is important HERE.
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THIS WEEK'S GROWTH GUIDE
Learn how to bootstrap your way to the top by building a badass brand.
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With Love & Impact,
Alex Batdorf
Chief Get Sh!t Done Officer