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What’s On Your Y-Axis?
The strategy for any project or business and even our days, weeks and months could be plotted on a graph using an x-axis and a y-axis. What every endeavour has in common is time. This is plotted on the horizontal x-axis.
What we can change or influence is represented on the vertical y-axis. In a commercial world, we tend to measure the thing we are actively working to increase on the y-axis—dollars, revenue and profits, numbers of customers or users. Our y-axis is the place to plot the thing we want more of—something we want to change.
In 2009 Airbnb was struggling to gain traction, with a total weekly revenue of $200. The founders needed to do something to increase revenues dramatically if the business was to survive. They could have focused on getting more listings and more bookings, instead they doubled down on getting to know their hosts better, understanding how they could help them to succeed. They plotted customer success on their y-axis. This deliberate focus on helping hosts was a turning point in the business.
Every day begins with a quest for more. We’re all looking for ways to amplify our reach, grow our influence and increase our impact. It’s never been more important to be intentional about what’s on your y-axis.
Image by Sue Seecof