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https://www.impactdemy.com/courses/copy-of-the-retention-program-us-oct-24

ON TODAY'S EPISODE:
Customer churn is a critical issue that can impact a company's growth and stability. In this week’s episode of Impact Weekly, Johan and Lincoln dive into the essential metrics for predicting churn and discuss effective strategies to mitigate it. They share insights on understanding customer behavior, proactive engagement, and how to communicate potential churn risks to management.

THIS WEEK'S QUESTION:

"Can you summarize the key indicators for predicting churn in advance?"

TOPICS BEING ADDRESSED:

• The importance of understanding key indicators for predicting churn
• Strategies for addressing and mitigating lagging churn
• Effective communication with management about potential churn issues

QUOTES:
Lincoln Murphy (02:50): "Meaningful usage is the main thing to look at when predicting churn."

Johan Nilsson (04:32): "Stakeholder changes are a massive indicator that churn could be on the horizon."

Lincoln Murphy (06:45): "Proactive engagement with customers can significantly reduce the risk of churn."

Johan Nilsson (09:20): "The iceberg metaphor helps illustrate the hidden risks beneath the surface of current churn rates."

Lincoln Murphy (13:52): "Our daily work in Customer Success is crucial to ensuring long-term customer retention."

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