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174. Turn Your LAGGING Indicators into LEADING Indicators - Brayden Russell

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Manage episode 435353369 series 3402606
Inhoud geleverd door Igor Trninic and Breakthrough Academy. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Igor Trninic and Breakthrough Academy of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

To learn more about Breakthrough Academy, click here: https://trybta.com/PCEP174

Get your free budget tool here: https://trybta.com/DLEP174

We all know the standard KPIs we need to track the success of a business. Dollars sold. Dollars produced. Gross profit. Net profit.

The only problem with these all-important metrics is that they are LAGGING indicators.

We find out about their performance AFTER the activity that drives them has already happened. They tell us whether we achieved the results we wanted, but say little about how to get those results in the future.

This is where LEADING indicators can be instrumental in helping you lead your team.

If you tell your project managers to raise gross profit next quarter, they won’t know how.

But if you tell them to keep their materials expenses below 15% by following a more efficient ordering and purchasing process.

They actually stand a pretty good chance.

Today, Breakthrough Academy Coach Brayden Russell is on the show to break down how to turn your lagging indicators into leading indicators and orient your team towards success.

See omnystudio.com/listener for privacy information.

  continue reading

184 afleveringen

Artwork
iconDelen
 
Manage episode 435353369 series 3402606
Inhoud geleverd door Igor Trninic and Breakthrough Academy. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Igor Trninic and Breakthrough Academy of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

To learn more about Breakthrough Academy, click here: https://trybta.com/PCEP174

Get your free budget tool here: https://trybta.com/DLEP174

We all know the standard KPIs we need to track the success of a business. Dollars sold. Dollars produced. Gross profit. Net profit.

The only problem with these all-important metrics is that they are LAGGING indicators.

We find out about their performance AFTER the activity that drives them has already happened. They tell us whether we achieved the results we wanted, but say little about how to get those results in the future.

This is where LEADING indicators can be instrumental in helping you lead your team.

If you tell your project managers to raise gross profit next quarter, they won’t know how.

But if you tell them to keep their materials expenses below 15% by following a more efficient ordering and purchasing process.

They actually stand a pretty good chance.

Today, Breakthrough Academy Coach Brayden Russell is on the show to break down how to turn your lagging indicators into leading indicators and orient your team towards success.

See omnystudio.com/listener for privacy information.

  continue reading

184 afleveringen

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