Hey, I'm on Medial • 9m
A North Star metric is a KPI that helps you understand if your business is meeting the expectations of your customers and team. For something to be a North Star metric, it should: 🔹be One single metric 🔹contribute to generating income for your business. 🔹represent what your customers find valuable in your product or service. 🔹help you track how well your business is doing over time and provide actionable insight How important is it? Let's understand: Myspace was a social networking platform that gained immense popularity in the early 2000s before Facebook entered the game. Facebook's NSM was Monthly active users, while Myspace used registered users as the NSM. The problem with Myspace's metric? It focused on attracting new users who may not use the platform regularly, while Facebook's metric focused on keeping existing users engaged. This was one big reason which contributed to Facebook's success and the failure of Myspace.
Daily Learnings... • 5m
A North Star Metric (NSM) is a key metric that a company prioritizes for growth. It serves as the foundation of a company’s growth strategy, representing the value delivered to customers. Benefits of NSM: a] Focus– While different teams may tra
See MoreFounder & CEO at Bui... • 2m
Here is why knowing your North Star Metric is like having a compass in the middle of a storm for your business. Centuries ago, sailors navigating uncharted oceans had no GPS, no radar, and no map. But they had one constant — Polaris, the North Star
See MoreBuilding WelBe| Entr... • 5m
Why Most Startups Die Due to “Zombie Metrics” (And How to Avoid) ⁉️ Many early-stage founders celebrate the wrong things—likes, followers, website visits, or app downloads—thinking they signal growth. In reality, these are Zombie Metrics. What Are
See MoreLately Entered The S... • 9m
Hello All. Would like to tell you all that, I'll be attending the GITEX GLOBAL 2024 which is organised in Dubai. There are two different Events Organised: 1. GITEX GLOBAL 2024 2. EXPAND NORTH STAR+ I'll be attending events, majorly in the EXPAND
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