Identify and Eliminate Non-Core Initiatives

4. Can 1Mby1M help me identify and eliminate non-core initiatives or features that drain resources but don’t increase revenue?

Yes, 1Mby1M can help you identify and eliminate non-core initiatives or features that drain resources without increasing revenue.

The program’s guidance includes:

• Focus on Unit Economics: The program’s emphasis on strong unit economics and a “profit-first” mentality provides the framework for this analysis. By focusing on metrics that matter—customers, revenue, and profit—entrepreneurs are guided to critically assess whether every feature or initiative is a contributor to the core business model.
• Case Studies: The program’s case-study-based learning provides real-world examples of entrepreneurs who have successfully streamlined their operations and product offerings to improve profitability. These case studies would likely illustrate the process of making tough decisions to cut non-core activities.