Why You Need Metrics to Accomplish A Goal
Dave Kerpen
Serial Entrepreneur, NY Times Best-Selling Author, Global Keynote Speaker, Investor, Writer for INC.com
This month, people all throughout the world are committed to "New Year's Resolutions" -goals for themselves- personal, professional or otherwise. But the first step in creating an effective goal, so often overlooked, is determining challenging but possible, measurable metrics.
A dream without a goal is just a wish.
Don't just dream or wish, make it happen, with a SMART metrics-driven professional goal. Yesterday, I shared exactly how I'm going to make my goal happen. Here, I spoke with 11 young leaders from the Young Entrepreneur Council (YEC), asking them each:
What is your personal, metrics-driven resolution or goal for 2014?
1. Increase Sales by 25 to 50 Percent
I always strive for continued growth, and we have a bunch of big initiatives planned for 2014 that we think could really move the top line.?
Josh Weiss, Founder and President, Bluegala
_____
2. Have 52 Lunches With Interesting People
While running a business in which most of my communication happens through email or phone, I sometimes forget there is a world outside of the virtual world. To combat my tendency to be a social hermit, I am committing myself to have at least one in-person lunch meeting each week. I am targeting potential mentors, mentees, investors and other interesting people.
- Lawrence Watkins, Founder & CEO, Great Black Speakers
_____
3. Make 10 Sales Calls Per Week
Our main focus in 2014 is to grow our revenue. We have great licenses such as MLB, and we have customized products for major brands such as Google, Sega and MailChimp. I am running corporate sales for our business and shy away from calling folks because email feels safer. I know that sales is personal, though, so I have set a goal to call at least 10 prospects per week.
Aaron Schwartz, Founder and CEO, Modify Watches
_____
4. Read One Book Every Two Weeks
There is so much incredible information written for entrepreneurs and company builders, but sometimes as founders, it's hard for us to make time to read. I want to enrich my mind and expand my creativity this year by reading non-fiction and fiction books -- one book every two weeks. If I can meet this goal in 2014, then I know I will emerge as a better person.
_____
5. Sleep and Exercise Regularly
I want to sleep
eight hours per night
and work out one hour per day.
?Jordan Fliegel, Founder & CEO, CoachUp
_____
6. Bring on 100 New Customers
It'd be great to bring on some new customers in 2014 and see our business continue to grow. Nothing is a better indicator of success than more happy customers.?
Russ Oja, Co- Founder, Seattle Windows and Construction
_____
7. Write One Million Words
Although my goal is both personal and professional, I've committed to making sure that my writing is my central focus in 2014. It's not an impossible goal, but I will need to write about 3,000 words every day of the year.?
Thursday Bram, Consultant, Hyper Modern Consulting
_____
8. Double Our MQLs
I want to double our marketing qualified leads in 2014. We're re-launching our website, adding tons of new content and driving larger businesses to our expanding sales team. This is the single biggest lever we have for our business, and I'm excited to see our marketing team succeed!
Ryan Buckley, COO & Co-founder, Scripted, Inc.
_____
9. Be a Thought Leader
I want to write one book and present at at least four conferences, thereby becoming a thought leader. The only way to help is to share.?
Kuty Shalev, CEO , Clevertech
_____
10. Double Our Site Traffic in 2014
My goal for 2014
is to double our site's
traffic and revenue.
Sarah Schupp, CEO & Founder, UniversityParent
_____
11. Maintain CMRGP
Our company's compass metric is cumulative monthly recurring growth profit, or CMRGP. As we grow, it's become increasingly difficult to keep this number growing at the same rate. Each month, we have to do more in sales to keep the number stable. If we could keep the same growth number at the end of 2014, I think we'd all be very excited about that.
Liam Martin, Co-Founder, Staff.com
_____
These represent different goals, but they're all similar in that they have specific metrics attached. My professional goals in 2014 include writing 100 articles, publishing 1 more book and leading our newest company to triple in size. My personal goal is to remain within 3 pounds of my goal weight each month. What is your personal, metrics-driven resolution or goal for 2014? How will you get there? Please let me know in the Comments section below!
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Dave Kerpen is the founder and CEO of Likeable Local. He is also the co-founder and Chairman of Likeable Media, and the New York Times-bestselling author of Likeable Social Media and Likeable Business, and the new collection, Likeable Leadership. To read more from Dave on LinkedIn, please click the FOLLOW button above or below.
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Accomplished Technical Project Manager - DevOps Evangelist
9 年I am believe in SMART goals and I use a mind map to establish them (metrics are essential. Join the group on LinkedIn https://tinyurl.com/qc487zb
I help ordinary people become famous
10 年THANKS
-Open To Work- | People And Process Leadership | Logistics And Inventory Management | IT Consultant | Engaged Mentoring | Intuitive Coaching | Training And Onboarding
10 年While I agree that a goal and a dream/vision need to walk hand in hand to function properly, it is the failure of any company to doggedly and almost dogmatically pursue those "metrics" claiming that they are simply "chasing the goal/dream". This inevitably leads to employee churn, and that comes on the heels of phase one which is typically employee morale hitting the crapper. As soon as you lose your employee's morale and faith, you lose productivity and you are left with a bunch of disgruntled head-bobbers that are still showing up for a paycheque, but are truly one foot out the door already and you just don't care to notice. Balance. Nature loves it and so should the work world. One needs to have a goal to achieve and a dream/vision on how they can get there...BUT this needs to be balanced against the "what if". What if we don't achieve it? What if we get close and the ground gives way beneath us? What if there is some unforeseen event that cripples our progress towards that goal? What if...the very metrics we are employing are holding us back the most? It's a bane that so many institute metrics and then feel that this is the be-all-end-all, and they have put all their eggs in that one basket. They do not have, nor believe in a contingency. They lack a Plan B. To those types, this goal and the metrics used are based on the all-or-nothing approach. That, in itself, is a surefire way to fail before you even begin. I have in my personal experience, witnessed far too many "Managers" and "Leaders" that fail at the starting line because they were told that these metrics are what we use and we need to achieve them - no exceptions, no excuses. They trickle down that same mentality and that leads to *some* excitement (if the leader is "voice activated" - meaning he/she can really fire up a team/rock the mic, so to speak) initially but generally ends in abject disaster because they are simply parroting what their bosses and "Leaders" told them. They all have the same failing, and that is the complete and utter absence of contingency. The odds of eventuality and inevitability. Something unforeseen will almost always make an appearance, and that could be as benign as a worker that has a fender bender and needs a couple days off - right up to the disastrous which could be the gutting of your building by natural disaster or similar, leading to somewhat inspired workers but nowhere to house them to do the work. You get the idea. Balance is needed. The pursuit cannot be the only objective. Ask anyone that has ever been in a race or a competition...winning was always somewhere on their minds, but it wasn't the reason they competed. The race was the reason, not breaking the tape. In this scenario, the vision is the reason and the goal is the tape. Sometimes you'll break it, and hey, good on you! Sometimes you won't, and that's okay too. Balance is what is missing and more people would be more successful, and less churn and general workplace malaise would occur if the real and true aim was for the balance between goal and dream/vision instead of just some arbitrary metrics. Just my thoughts on the subject.
Transportation Planner at West Floriida Regional Planning Council
10 年I just attended an 80th Birthday Party honoring our past Executive Director's Wife after several speakers she finally had her opportunity to share. One of her goals was to have one emergency clinic, at the age of 40, having a nursing background she was bound and determined to achieve her goal. She talked about communicating with friends, business colleagues throughout her life; "Stop what you are doing and follow up with a phone call, let people know you "Care" about them. There were 100+ guests at her celebration and she remembered names and gave all of us credit for her success. Whatever you do keep the human approach alive! I'm so glad to have Mentors like her that have paved my way for my successes and I count each day as a success and I do make my phone calls and let my customers know they are not just a number. Oh by the way she now owns Seven (7) clinics in Northwest Florida, and is grooming her daughters to take over the businesses. My goal for 2014 is to learn from others, continue communicating with friends/business partners, and win lottery, don't roll your eyes; it's going to happen.
Ready to make stuff happen? I help organizations get unstuck with design thinking. Consultant | Researcher | Professor | Podcaster | Follow + ?? #makestuffhappen
10 年Metrics are also important to understand what exactly you need to do to achieve your goal. If you don't know how you measure up to your goal today you won't have a clear picture of what you need to do to get where you want to be.