If you run your own business, you’ve probably been feeling a little uneasy lately.

It seems like every day, there is a big AI announcement that’s going to revolutionize your business.

You’re suffering new technology and methodology FOMO like never before. Afraid your competitors will leave you behind.

Meanwhile, your business costs are through the roof.

Your staff costs are out of control (if you can find people to hire).

And your cost to acquire new customers is climbing.

I’ve been in business for over 20 years and built multi-million dollar businesses along the way, but I’ve never seen anything like the rate change we’re experiencing today.

So, if you’ve been feeling uneasy, it’s understandable, and you are definitely not alone.

While tactics and strategies may change, the good news is principles remain the same.

Here are my top 3 principles for profitably growing your business today (and tomorrow) without stress, overwhelm, or FOMO.

Reduce (And Eliminate) Your Customer Acquisition Costs

Without new leads, your business will die.

With advertising costs rising across all platforms, the old lead generation models are broken.

And let’s face it, no one wants more leads.

You want more paying clients.

A front-end mini product solves this problem.

Create an attractive mini-product you offer to all leads immediately upon entering your world.

The goal of this mini product is to cover your advertising costs and pre-sell buyers for your main product or service.

Maximise Customer Lifetime Value

For too long, the focus has been on acquiring new customers and clients.

Where many people fall down is they try to sell the same thing to the same people again and again.

Your customers are on a journey. Always have a next step for them to take.

I call this a Value Ascension Roadmap.

For every 100 people who buy a product or service, 20% would spend 5 times more.

Layer in ascending levels of offers to give your customers who want to spend more money with you the opportunity to do so.

Ideally, you want these offers to be subscriptions, which will stabilize your cash flow with recurring revenue.

Whether you’re a service, SAAS, eComm, retail, or product-based business, subscription-based digital products will give you an unfair advantage over your competitors.

Give Yourself Dedicated AI & Tech Exploration Time

As a business owner, set aside at least 1 hour a week to explore and use AI and other technologies.

We are approaching a tipping point in AI and technology development.

We are about to go exponential.

The truth is you will never be able to keep up.

The good news is you don’t have to keep up with everything.

You need only focus on the small corner of the AI and technology world that impacts you and your business.

The fact is AI is overhyped in the short term.

But sadly, it is underhyped in the long term.

AI will be the biggest driver of efficiency and cost-saving in your business.

If you dedicate just 1 hour a week to playing with new tools now, you will be ahead of 99% of business owners.

And when the time comes, you will be ideally positioned to take full advantage of AI.

Your business has thousands of moving parts.

But if you focus on these three principles, you can simplify everything down to:

1. Build a dependable, scaleable lead generation process that produces free clients from paid traffic.
2. Retain those clients for as long as possible and always have a next step offer for them.
3. Reduce the costs of running your business by leveraging AI and technology.

And remember, it’s a process. You’re not behind. You are exactly where you should be.

Focus on these three principles for six months, and you’ll be amazed at your progress.