We are continue with the ExE formula series
The formula explains how to become an Exponential Entrepreneur. (ExE)
ExE=MTP+P. L. E. A. S. E. D.+D. I. S. R. U. P. T.
So what does D I S R U P T mean?
- Data Drive
- Inventor and Innovator
- Scale Processes
- Rocket Moonshot Goals
- Understand Experimentation
- Problem-solver
- Tech leverage
[D] ATA-DRIVEN
What does Data-driven mean? One of the differences between exponential versus traditional entrepreneurs is that an ExE makes decisions based on data; nonetheless, traditional entrepreneurs without data have to rely on their intuition, personal experiences, and even their emotions.
An ExE knows that the internet, globalization, and convergent technologies have made data information one of the essential assets of any company. If you aspire to become an ExE, the collection, storage, organization, analysis, and interpretation of information will be an essential asset. Not only for the growth of your company but for the growth of your bank account. In addition, an ExE fully understands the “influence” power that information represents, so an ExE quickly becomes Data-Driven Entrepreneurs.
Data allows the entrepreneur the choice to make more precise decisions due to the reduction of errors. Having true data information handy shows the reality of the company. Then, accurate and agile decisions can be taken by reducing risk ever further for time-critical decisions.
Due to precise measurements with defined metrics, better KPIs will be set to achieve the best objectives and key results. (OKRs) In addition, with accurate data, it is possible to
have a complete view of every real-time transaction. All this information represents an unfair advantage that an ExE leverages to improve the user experience. The better the user experience, the better the customer satisfaction, which rapidly transforms into juice sales and greater loyalty.
Furthermore, data also allows the ExE to segment the market, thus precisely defining the target to which the company can direct its promotions. Do you remember the famous chain stores called Kmart and Sears? It took them a long time to understand the concept of data value.
In the meantime, another chain retail store called Walmart was transforming itself into a Data-Driven Organization. Walmart even installed their satellite back in 1980, so the reason that you may not remember Sears or Kmart is that they no longer exist.
Are you going to keep to the traditional path, like Sears and Kmart, or do you want to become a data-driven exponential entrepreneur? The decision is in your hands.
You should also visit these blogs they have valuable information and best of all they are FREE
- Being an “Exponential Entrepreneur”
- MASSIVE TRANSFORMATIVE PURPOSE (MTP)
- ENTREPRENEURS AND ABUNDANCE
- This formula explains how you too could become an Exponential Entrepreneur
For more information please visit www.VidaFabulosa.com and to purchase Mynor Schult’s book visit
