Auto-translation used

What doesn't 1Fit do and how does it help to scale?

The issue of scaling is primarily a matter of strategy. And strategy is not only about what a company does, but first of all about what it consciously DOES NOT DO. Effective strategy implementation depends on the discipline of following these "don't do's".

For example:

  • We are not launching new products.
  • We do not enter the premium segment, but remain focused on the economy segment.

Scaling shouldn't feel like starting a new business. If the processes cannot be replicated in another country, this is not scaling, but chaos.

These are the two main principles that 1Fit follows when choosing a new market. And they can be divided into four stages.:

We only go to those countries that resemble Central Asia in structure and dynamics.

Example: our main user is a young active person 18-30 years old. Entering a market with a declining or "aging" population simply does not make sense.

A mistake that we admit: the launch in London was a mistake from the very beginning.

We only go where we can replicate our key processes.

Example: offline sales are an important part of our strategy. In London, due to the high minimum wage and low subscription prices, this was economically impossible.

If a country goes through the first two stages, we go out for research: we study the infrastructure, user behavior, and the need for a product.

Example: if the halls and studios are full, our product loses its meaning. We are effective where we help fill the available slots.

After the launch, we look at whether it is possible to achieve a positive unit economy.

Example: we left the markets of Dubai and Kyrgyzstan because this did not happen.

In Russia, work had to be suspended for geopolitical reasons.

These are the basic principles. The full framework is much broader, but the essence remains:

Create a decision-making system. Test it. Follow it.

Most startups fail not because they do too little. It's because they're doing too much.

Comments 1

Login to leave a comment