How To Build A Data-Driven Business (with Cedric Chin) | Ep. 28

Episode • May 28, 2024 • 1h 27m

"If you're asking for swimming advice, you don't go and talk to someone who has never swum before. You go talk to an Olympic swimmer."

Join Johnny (@johnnypage13) and Matt (@mattverlaque) as they sit down with Cedric Chin, the genius behind Commoncog.com - an industry leading blog that helps founders accelerate business expertise.

in this episode, Cedrics breaks down the concept of believability and its importance in decision-making, as well as the process of becoming data-driven in business.

He also shares his insights on scaling businesses, working with data, and operations. After this episode you should improve your intuitive decision-making and learn how to truly embrace the data-driven decision-making in business.

00:00 The Importance of Believability in Decision-Making

06:32 Becoming Data-Driven: Understanding Routine and Exceptional Variation

13:37 The Amazon Method: Statistical Process Control and WBR

23:43 Building an Appreciation for Data-Driven Decision-Making

28:33 Accelerating Revenue Growth and Pursuing Business Outcomes

29:29 The Transition to Data-Driven Decision-Making

32:22 The Process Control Worldview

33:20 Debating Summary Metrics in Business

57:31 The Role of Data Tools in Operational Excellence

59:29 The Causal Model of Business Metrics

01:01:55 The Importance of Knowledge in Business

01:20:00 Understanding the Growth Loop and Iterative Improvement

Check out Cedric on:

➤ Commoncog: https://commoncog.com/

➤ Twitter: https://x.com/ejames_c

➤ LinkedIn: https://www.linkedin.com/in/cedchin/

👉🏻 Want a 3-step action plan to help scale your SaaS? [Book a FREE growth session](https://www.saasacademy.com/scalenow?....

Check out SaaS Academy on:

➤ Follow Matt Verlaque on: [Instagram]( / mattverlaque ) | [LinkedIn]( / matt-verlaque )

➤ Follow Johnny Page on: [Instagram]( / johnnypage13 ) | [LinkedIn]( / johnnypage )

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