I bolded the words, “growth is optional”, for a reason. I think this summarizes things so well. It might sound crazy because I’ve never met a company that says they don't want to grow. But many don’t do the things required to grow. It reminds me a lot of people who want to lose weight, stop smoking, or make some other major change in their life. They have the desire, but not the will to do the hard things.
The concepts behind growth are much simpler than most people think. As with most things, it is executing that is the tough part. Here are 10 things I’ve seen companies fail at executing that prevent them from growing.
If I ask you what's the process map of your product's life-cycle can you answer me with a structured answer?
A simplification of the product life cycle is the process into what your product goes through from the point of development until it reaches the customer, ultimately starts declining in sales and returns feedback that will enhance the next version or triggers the closing of the product.
Now, this process assumes your product sells. This is why we're calling it a "Life cycle" but what happens if you don't sell?
The idea posted by Andrew Chen and exposed by David Bland is that at the start of a product launch if your product doesn't sell it has fallen into the Death Cycle. A process that (believe it or not) can benefit your product to the point of making the next version more profitable as long as you don't follow the mediocre three steps seeing on the top of the article.