Revenue

Churn

Churn represents the rate customers stop using a product or service or end their subscription. It is a critical metric for businesses, especially those with subscription-based models, as it measures customer attrition.


What it is: Churn refers to the rate customers stop using a product or service or end their subscription.

Why it is important: Churn is a critical metric, particularly for businesses with subscription-based models, as it measures customer attrition. High churn rates can impact revenue and hinder growth.

How to use it in startups: Startups track churn to assess customer satisfaction, identify trends, and improve customer retention strategies. By reducing churn, startups can enhance customer lifetime value, increase revenue, and achieve sustainable growth.

Similar posts

Get notified of new business and financial tips

Fill up this form to receive updates on valuable insights into finances and scale your startups!