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1 | The SpeakerFlow KPI Tracker | ||||||||||||
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5 | Welcome! ๐ When it comes to numbers that help you make better decisions in your business, there are three layers to take into account: data, metrics, and KPI's. Here's a Coffee and Questions segment that unpacks that in more detail... Simply put, the KPI Tracker is a barometer that will help you measure the progress of your business week-over-week. KPI's stands for Key Performance Indicators and are the 5-15 most important numbers that tell you the health of your business. Here's a visual to help you understand what the KPI Tracker should be doing for you..... Imagine you're on an island, without any connection to the outside world, in the middle of the ocean. Once a week, a plane flies over your head and drops a package with a parachute on the beach in front of you. In the package, you find a piece of paper with 5-15 numbers on it and a disposable phone with enough battery to make a single call. Using these two things, you have to make a phone call to your team that will keep the company on-track for the following week, based on the numbers that you were given. So, what numbers are they? For most people, the most important numbers to them are revenue-related. Because of this, we've built this template around five of the most important numbers you could consider using. Notice: I didn't say the five most important numbers, and that's because there's no penultimate answer here, and you may find that your most important numbers are totally different than the ones we have here โ And that's great! The important thing is to not overthink this process. You are, just like everyone else, absolutely not going to get it right the first time, and that's okay! This whole exercise becomes a feedback loop that will improve every time you reassess, which happens at the beginning of each quarter. How to Use This Template 1. Select the tab of the quarter we're currently in. 2. Make sure the numbers you see reflected there are, in fact, the ones you want to be tracking. 3. Enter your quarterly goals for these numbers in the appropriate column. 4. Backdate the quarter up to the current date. 5. Set a calendar appointment for every Monday morning to update these numbers. | ||||||||||||
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