171. Keeping The Pulse On Your Business: What To Track And When
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Description
As businesses grow from solo to team-based structures, monitoring activities becomes complex. Founders initially understand all functions, but with team expansion, direct oversight is challenging. Clear metrics and reporting are crucial for gauging strategy effectiveness and fostering growth, requiring robust structures and defined indicators. In today's podcast, we will explore the importance of moving from a solo operation to a team-based structure and the challenges of monitoring business activities. We will discuss how having clear metrics and reporting mechanisms is crucial for measuring strategy effectiveness and promoting growth, especially as businesses expand. Tune in! Key takeaways from the episode: -Importance of keeping track of business activities and having specific metrics in place for reporting - Why should every team in businesses have specific KPIs to work towards. - Why each team should have a leader who reports directly to the business owner. - How to identify the frequency of reporting depending on the context. - How to avoid excessive reporting as it can be a waste of time and resources If you enjoyed this episode and found it inspiring, I would love to hear from you. Share a screenshot of yourself listening on your device, post it to your Instagram Stories, and tag me on all social media platforms: Facebook: https://www.facebook.com/khairy Instagram: https://www.instagram.com/khairyvarre/ TikTok: https://www.tiktok.com/@khairyvarre X: https://twitter.com/KhairyVarre 
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