Are You Tracking Your Numbers in Your Business?
Here we go – 7 months down and 5 to go to hit your financial GOALS this year!
So my question for you this week is – what are doing about it??
Are you on track to meet your financial and impact goals this year? If you are – high five and awesome sauce!
If you’re NOT – there’s still time to shift gears, get serious and start really looking at WHY you are falling behind! Because what you FOCUS on grows!
At Task Complete, every week we track important numbers in our business. My assistant and I review and update what we call the “Scorecard”.
What is the “scorecard” you ask?
A scorecard is where we track specific numbers in the business – such as our marketing efforts, referrals, % of rebooks, income and expenses (just to name a few).
By looking at our numbers weekly, we can catch things faster! Decrease in rebooks = a decrease in sales which = a decrease in profit.
No new leads coming in? Where did we fall within our marketing benchmarks?
Your role as business owner is to realllly know and understand your numbers. Too many business owners “wing it”, and that there my friend is a recipe for disaster.
Originally, I only looked at numbers on a monthly basis. I figured hell, that’s a lot more than MOST business owners track numbers. Especially in this industry where most people aren’t really treating their business like a “business” but more like a side hustle.
You see, if you’re only paying attention once a month (most people don’t even do that), but let’s say you are tracking numbers in your business once per month. That gives you 12 chances to be aware and capable of catching mistakes, shifts or problems in the business.
BUT, if you track things weekly, you have 52 chances to catch problems!! Doing this ONE thing in my business revolutionized where and how we focus our time and efforts!
And the reality is, you can’t hit a target you can’t see. So by tracking and watching your numbers weekly, you can begin to use a little tough love on YOURSELF!!
I wish someone would have taught me that in the beginning!
You know why? Because when you’re only in business for yourself – you’ll move deadlines, say no to opportunities just because, cancel your networking memberships – all the things that self-sabotage! Because the reality is – you’re only answering to yourself!
But when you have a team and you grow and have to pay taxes and make payroll – Girrrrrlllll, we got a whole set of new incentives to keep you focused on those numbers!
Your assignment this week
So, even if you aren’t lucky to have an amazing assistant like I am blessed with, (shout out to Jill!), I want you to do the following:
- Create a scorecard of numbers so that when you track and record, it will give you a bird’s eye view of what is actually happening in your business.
- Put a reminder on your calendar once a week and update those numbers (we do Monday mornings).
- Track and tweak where necessary.
I hope this helps you become clear on how to HIT those GOALS by year end so I can celebrate you. XO
What numbers will you begin looking at and tracking in your business??
Leave me a comment below! I love to interact with my readers!
P.S. Keep your eye out! We have some VERY exciting things happening this Fall that you will NOT want to miss!
Plus Concierge Academy Live 2018 dates to be revealed real soon! If you missed out this year, you do NOT want to miss 2018! So keep reading and opening these emails every week because you MAY want to get in during the Earlybird Registration!
Welcome readers! If this is your first time reading my blog, thank you for stopping by! As a concierge who has built a successful business, I have decided to help other budding entrepreneurs do the same! As the Founder of The Concierge Academy I write about specific topics and marketing strategies that Work for our industry!
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