The struggles that come with scaling a company can be daunting.
Our guest today had this struggle to grow with Ideanote before having a very important realization in 2017.
Nicki Friis now can say that he is a successful 3x startup co-founder! Nicki Friis co-founded two digital companies Ideanote and patentrenewal.com.
Nicki now focuses on NICQI as the founder and CEO. Nicki's company is a growth advisor firm. Their mission? To help grow businesses in a multitude of industries and markets.
Nicki now understands what makes these three common situations companies face different.
Retaining Users vs. Losing Users.
Active Users vs. Inactive Users.
Companies able to Scale Fast vs. Companies that Fizzle Out.
Nicki found what makes companies grow and become more successful by understanding and implementing a few models and principles.
Growth loops, Models Viral, Network Effects, Retention, and Engagement.
More than ever, these principles can be the difference between growing or shutting down.
This is a perfect introduction to understanding some of these complex models.
During this episode, we dive into how to build a growth loop from scratch. With this baseline, we expand on what a double growth loop is and how you can implement them!
What loop did you learn more about? Let us know!
Want more episodes pertaining to Growth?
Listen to TMF Picnic’s interview with Justin Wu, How to Tackle Growth Marketing During Corona!https://pod.co/picnic-tmf/justin-wu/
Listen to TMF Picnic’s interview with Jean Bonnenfant, King of B2B Growth Works and Retention! jo.my/jean-bonnenfant/
Selected Links from the Episode:
Want to Connect with Nicki Friis?
LinkedIn jo.my/nicki-linkedin/
James Clear | Atomic Habits jo.my/atomic-habits/
Brian Balfour | The First Step to Building a Growth Machine jo.my/brian-balfour/
NFX | The Network Effects Manual jo.my/nfx-network-effects/