As Theresa Marcroft shares in her book, 90 percent of companies that fail in the first five years did not concentrate foremost on the customer. A customer-centric mindset, therefore, is the antidote to failing as a business and a customer-centric mindset is the beginning of the path to revenue.
How does Theresa know?
The stats.
According to research from CB Insights, the number one reason startups fail is "no market need" (42%), and the number two reason startups fail is "ran out of cash" (29%). This is why, as Theresa describes in her book, The Path to Revenue: Secrets of Successful Tech Leaders, the secret to viability, sustainability, and growth is to embrace a customer-centric mindset and get on the path to revenue.
We talked about what that path to revenue looks like. Hint: the path to revenue is how you chart a course through the technology adoption lifecycle, advancing from one market segment to the next larger market segment, and adapting your messaging and your marketing strategy along the way.
The way Theresa puts it, I feel like I can design a marketing path through the adoption lifecycle and know what to do every step of the way.
More about Theresa:
* Her book: https://www.amazon.com/Path-Revenue-Secrets-Successful-Leaders-ebook/dp/B08J8CD9P2/ref=sr_1_2?dchild=1&keywords=path+to+revenue&qid=1628278949&sr=8-2
* Her company: https://www.market-savvy.com/
* On Linkedin: https://www.linkedin.com/in/theresamarcroft-cmo/
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