Episode 60: How To Determine The Key Performance Indicators That Become The Levers of Your Business

In Episode 59, I talked about when and how to start using Business Intelligence software in your business.  In this episode, I go deeper into the concept of leading indicators and give you a process for determining the key performance indicators that you can use to drive your business.

Topics Discussed (Time Stamped)

3:38 Recap of Ep 59: The Difference between Lagging and Leading Indicators
6:52 Six steps in finding the leading indicators
7:06 Step 1: Determine what is the important outcome that you want
9:13 Step 2: Research and look at the business process for how you get that outcome
10:24 Step 3: Find those early things that act as the lever to that outcome
13:06 Step 4: Find data that would back up your assumptions
20:22 Metadata
21:21 Step 5: Build your process
22:38 Step 6: Measure, monitor and refine
29:00 Toughest thing about sales
30:39 Reason why most entrepreneurs and businesses don’t do data analysis
32:40 Building good algorithm
34:08 Recap or summary of the steps in finding leading indicators

Quotes Worth Sharing

Resources Mentioned

• Episode 59 – https://techsmartboss.com/blog/podcast-episode59/
• Google Sheets – http://www.google.com/sheets
• Yurbi – https://www.yurbi.com

Thanks!

Thanks for listening and checking out the show notes,  any feedback, comments, or questions, send me an email at david@techsmartboss.com