Joshua FraserChief Data Nerd, Data Nerds · CEO at Data Nerds, AI & Data Entrepreneur

Million dollar 15 minute meeting #entrepreneurship #entrepreneur #business #businessjourney

Name: Million dollar 15 minute meeting #entrepreneurship #entrepreneur #business #businessjourney
Uploaded: 2024-05-01T18:15:22+00:00
Duration: 54 s
Channel: Joshua Fraser
Description: In this solo YouTube talk, Joshua Fraser reveals a confidential, high‑impact business management method that has generated tens of millions of dollars…

1 May 2024 · 1 min

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0:54

In this solo YouTube talk, Joshua Fraser reveals a confidential, high‑impact business management method that has generated tens of millions of dollars for his company since 2014. He explains that the core of the system is a simple weekly 15‑minute meeting focused on a scorecard that tracks a concise set of key performance indicators: advertising spend, click volume, cost per acquisition, conversion rate, initial sales, one‑time gross revenue, subscription revenue, total gross revenue, net revenue, customer support issues, and chargebacks. He demonstrates the scorecard with a snapshot showing $116,000 in gross revenue and emphasizes that this disciplined, data‑driven routine functions like a "machine" for scaling a business. To help viewers adopt the approach, he offers a downloadable scorecard template in the video comments, urging entrepreneurs to implement it from day one.

Chapters

I'm going to share something with you that is fairly confidential. I want to be fully transparent with you all. But it's made me tens of millions of dollars and the only thing that I really do with it is look at the scorecard and talk with the people who are responsible for it once a week for 15 minutes. This is what a basic scorecard will look like for your business. We have our advertising spend, how many clicks we got, what was our cost per acquisition, what was our conversion rate, what were our initial sales, what were our one time gross revenue, subscription revenue, total gross revenue, that's once a week. We make 116 grand here. What's our net revenue? Customer support and chargebacks. That's it. We have literally been running this business since 2014 and this goes all the way back through it all. This is a machine. So we've created a template for you. This is a template that you guys can go in the comments below and download as a fundamental from day one of your business, you really should have yourself a scorecard.