The 11 Greatest Challenges in Creating a Growth Strategy (and How to Overcome Them)
From The Growth Engine by Mike Parsons
Episode notes
What this conversation opens up.
Predictable, scalable growth is the ambition of every founder. Still, very few companies achieve it, not because of a lack of vision or hard work, but because creating a truly effective growth strategy is one of the most misunderstood disciplines in business. Teams jump into campaigns without diagnosing the real bottlenecks. They chase more leads when the real problem is conversion or retention. They build messaging around internal opinions rather than external evidence. They misjudge their addressable market, skip segmentation, and assume ICPs without validation. Most importantly, they rarely test the assumptions on which their strategy depends.
After creating hundreds of GrowthBooks with founders and leadership teams across industries, I’ve learned that almost every stalled strategy comes down to the same eleven structural challenges. These challenges aren’t random. They are the universal points where clarity breaks down. When you address them properly, your growth strategy becomes a living operating system that powers alignment, focus, and predictable revenue.
This is your detailed guide to the eleven most significant challenges in creating a growth strategy — and how to overcome each one.
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