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Leverage a Scorecard for Success

When running a business, knowing what to focus on is half the battle. In this episode, we will introduce the concept of a scorecard and how you can use it to run your business.

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Key Insights

  • What is a scorecard in your business?
  • What information should you be tracking and how should you begin?
  • Expose problems quickly and attack them head on

Timestamps

  • [00:13] – Welcome
  • [03:18] – Working on your business not in it
  • [04:20] – What is a scorecard?
  • [05:08] – Exposing problems
  • [06:37] – Proactive vs. Reactive
  • [08:25] – What your scorecard should focus on and how to begin
  • [09:40] – Goal tracking
  • [11:00] – Leading vs. Lagging
  • [13:25] – Marketing Metrics
  • [15:11] – Operations
  • [19:46] – Finance
  • [22:51] – How to use your scorecard
  • [30:05] – Key Actions

Resources Mentioned

Actions to Take

Tom Sylvester
  • Imagine you’re taking a month long vacation from your business. What information do you need to be looking for to track where your business is at?
Ariana Sylvester
  • Comment here or on our Facebook page – What information are you currently tracking in your business?

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Tom Ariana Lifestyle Builders

Tom & Ariana Sylvester

Tom and Ariana have built 3 business and quit both of their jobs, all while raising 2 amazing kids.  Together they share their philosophies and guidance for entrepreneurs on their Lifestyle Builders™ podcast, their upcoming book Lifestyle Builders™: Build Your Business, Quit Your Job, & Create Your Ideal Life, as well as through their coaching and consulting programs.

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