I bet you are like me. As long as the bank account has some money in it, there is some money in the savings account, and the bills are paid, then you feel pretty good about your company. This mindset is absolutely detrimental to small businesses. We have no actual idea what is happening within our businesses to know if we are stalled out, moving forward or shrinking. If we are counting on our profit and loss statements to tell us, then we are using a lagging indicator and it is already too late.
Jeff Provost, the owner of Key Performance Integrators, is a huge fan of scorecards. This simple tool can track some key areas of your business in real time to give you instant feedback on where the company stands and which direction it is moving. You can even make scorecards for different positions within your company so that your employees can know instantly know the impact they are having on the company.
Listen in to this week's episode of the Floor Academy Podcast as Jeff and I discuss some basics to add to your scorecard, what this info will empower you to do, and how it will allow you to set better and more powerful goals to catapult your business to a new level.
Jeff's KPI Scorecard - https://www.kpintegrators.com/download-the-business-scorecard-template/
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