Wednesday Mar 23, 2022
Got Metrics
Are you an entrepreneur who is unsure of how to maximize your efforts? Do you study the metrics of your business practices?
As an entrepreneur herself, host Michelda understands that the only way to optimize your company is by looking at the numbers. If you are unaware of where your money is coming from or where it is going, it will be difficult to find lasting success. Today, Michelda breaks down the necessary business levers to track to understand where you are and where you need to go to grow your business.
Tune into this week’s episode of WaterWalker for a frank conversation on the importance of metrics. Learn more about Michelda’s metric monitoring checklist “Got Metrics,” the difference between company overall gross and take-home profit, and how to ensure that you are getting a return on your investment.
Quotes
• “You can't maximize what you are not measuring.” (2:02 - 2:05)
• “Metrics reveal your business truths, metrics reveal the impact of the activity, and metrics allow team development by fact, and not by untruths.” (7:23 - 7:37)
• “You've got to run a tight ship on marketing strategies and good customer service to increase sales, make customers buy more, and buy more frequently so that the inflow will exceed the outflow.” (9:47 - 10:02)
• “If you want to understand the health of a business, then it is so important that you are measuring what is happening in your business. When you understand that, it helps you improve performance. It helps you improve your ability to make decisions. It helps you improve on how your business will grow.” (17:40 - 18:14)
• “Metrics provide focus, metrics will help you make decisions, metrics will drive performance, they will change and evolve in the organization.” (20:17 - 20:29)
Links
FB: www.Facebook.com/MicheldaJohnson
IG: www.Instagram.com/MicheldaJohnson
LI: https://www.linkedin.com/in/micheldajohnson/
Twitter: www.twitter.com/micheldaj
2 years ago
Math has to math. That was good.