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In this episode, hosts Andrew Brockenbush and John Fritzsching touch on the importance of tracking Key Performance Indicators (KPIs) to ensure your business is on the right path. They explore the use of KPI systems like the EOS Scorecard, explain the concept of Smart Goals, and offer various tools from spreadsheets to advanced KPI tracking software that businesses of all sizes can use. Whether you're running a small business or managing a larger team, tracking KPIs is essential for growth. Learn how to set clear, measurable goals and ensure accountability within your organization.
Key Points:
- [0:00] - Introduction to KPI Tracking
Understanding why KPI tracking is essential for business success and growth.
- [2:21] - What Are KPIs and Why Do They Matter?
Breaking down what Key Performance Indicators are and how they help businesses measure their progress.
- [2:41] - EOS Scorecards: The Key to Consistent Tracking
The EOS Scorecard is a simple, weekly report that tracks 5-15 key business metrics, helping businesses stay focused.
- [5:00] - KPI Tracking Tools
From Google Sheets to advanced software like Databox and Clipfolio, a variety of KPI tracking tools are discussed for businesses of all sizes.
- [6:15] - Setting Smart Goals
How to define KPIs that are specific, measurable, and aligned with your business's long-term goals.
Quotable Moments:
[0:46] "What we don't measure, we can't improve—it's as simple as that when it comes to business growth." – Andrew Brockenbush
[3:27] "KPIs aren't just numbers on a page. They need ownership and accountability to drive real results." – John Fritzsching
[7:48] "You can't grow your business if you're not tracking your progress." – Andrew Brockenbush
Links Mentioned:
If you're not already tracking KPIs, now is the time to start. Whether you use an EOS scorecard, a spreadsheet, or a more advanced tool, measuring key metrics is vital to improving and growing your business. Visit https://www.businessgrowthhacks.com to learn more, and don’t forget to subscribe for more actionable business tips in upcoming episodes.
