What You Measure Grows
Create a scorecard for your business so you can measure your growth.
If you guys are like me, numbers and accountants probably stress you out. Because of this, we’d rather bury our heads in the sand than look at the numbers, right?
Well, this must stop if you want to grow.
Go out and get a big whiteboard or piece of poster board (like you used for science projects). You’re going to create a scorecard that you can see every day. Pick the numbers you want to measure. You don’t have to be technical or fancy. Literally just things like revenue, leads, or new sales. Pick the metrics you want to see and make as many columns as you have categories. Each Monday or Friday, write down the number. Then try to beat that number each week. Maybe you only focus on one column at a time. And at the end of the month, add it all up and keep that number in the last column. Then you’ll be able to track month to month as well.
Something funny happens when you focus 100% in one direction. You will try to beat your own best goals. Athletes do this all the time. They are always working to beat their best times and it’s the same in business. Focus on your metrics so you can beat yourself each month.
Whatever you focus on grows.
What do you need to focus on to help you grow?! Let me know in the comments below!!
????Top 100 Podcast Host at Money Talkers Podcast
4 年One of the tricks is to identify the inputs that increase the results and measure those not just the results. The results are the scoreboard. You want to measure all the actionable items that produces the results.?
| Owner of Todd Nichols Studios |Corporate Headshots/Branding/Senior Portraits/Stylish Portraits
4 年Agree. When I actually take the time out and write out my goals and visualize then in writing I am more likely to accomplish them.?
Mentoring Tech talent and high performant teams
4 年What you focus your attention on expands, what you measure grows. I think the founder of LinkedIn had a very interesting experiment, where he measured his weight every single day, but did not change his diet or exercise routine. In fact, i believe he increased his intake of junk food. After a few months, he had actually lost several pounds. So yeah, literally what you put your attention on grows.
The Sophisticated Mommy | Building a community of 1M+ moms who know that they’re made for more | Podcast Host | Counselor | Real Estate Agent | Mama of FIVE ??
4 年I just read Traction and it talks about scorecards... life changing!!!!
In Home Private Math Tutor
4 年You're giving us gold Russell. Thank you!