#43: The One Business Metric to Focus on for the Most Success
Are you overcomplicating your business model? My crystal ball says yes. In the past 5 years I’ve moved from a course launch model to a monthly recurring revenue model, and the results are staggering. Like $5 million while working 15 hours a week staggering. In this episode, I share with you why monthly recurring revenue is the most important metric to focus on for success. I explain the difference between leading indicators and lagging indicators, how to select KPIs for your business, and strategies to increase your monthly recurring revenue (hereby lovingly referred to as MRR). Here’s a look at what you’ll learn: What even is a KPI, and how you can start tracking yours ASAP The most important metric for business success (track this, and you’ll instantly know whether your annual revenue goal is within reach or still miles away) Copy this simple MRR funnel and watch as your revenue AND your time off scales simply and efficiently How I helped a client go from $15K in monthly recurring revenue to $120K in only 6 months (this small tweak completely changed her business) Plus half-a-dozen other success stories from real women who’ve switched to the MRR model — and how it’s transformed their lives for the better Thanks for listening! If you enjoyed this episode, download a few more and share them with a friend! If you do tune in, post on social media and tag me so we can connect! And don’t forget to subscribe or follow The Sabrina Philipp Podcast to get notified when new episodes go live. Resources and Links: Check out The Millionaire Mastermind®️ Follow me on Instagram Check out SabrinaPhilipp.com to learn how we can work together Review The Sabrina Philipp Podcast on iTunes, Spotify, Stitcher, or wherever you listen to your favorite podcasts