Mark Osborne walks business owners through systemization by picking three key financial KPIs, tracking them, then identifying the processes that drive those metrics to build a simple monitoring system.
And sometimes when I talk to business owners, they're like, I don't have time to build this system. You know, like, I don't— I'm too busy. You know, I'm too busy working in it. But, you know, what you just described of just pick 3 KPIs and I bet in a 5-minute Google search about what are the most important financial KPIs for this type of business, they'd get pretty easy consensus on, you know, what are, you know, good top 3. And just starting to track that, that's the beginnings of a really good system that then allows them to think, okay, well, what drives that KPI? Well, these processes. Okay, well, maybe I can get some leading indicators on that KPI. And before you know it, they've got a system that allows them to get input on how their business is running and how they can improve it on a, on a regular ongoing basis.
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