Mondays with Matt

#44 - Structure Your OKRs In a GAMEplan (Legacy Episode)


Listen Later

What is Your GAMEplan? Prioritize the Important

Matt shares how he discussed the business metrics that matter with Cody Miller, BLOC Coach and owner of the great gym The Strength Parlor. Cody dug in, got a hold of those metrics, and then talked more to Matt.

Well, what's next?

Next, you need to identify the goals that move the business in the direction you want. Likely, you've identified areas of weakness in the metrics.

These goals need to be important. They can be urgent, but they should not be urgent but unimportant. For example, if you fail to address something in the next couple months that would cause the business to fail, that is both important and urgent. You should create goals for that.

Establish goals for the month. You should be able to easily say, with a yes or no answer, if you accomplished the goals.

What is Your GAMEplan? Get After What Matters

Once you have set up your goals, identify actions you believe will accomplish your goals.

For example, you may aim to reduce churn from 4% to 3.85% in the upcoming month. Below are some potential actions to get after that goal.

  • Identify indicators of clients who are likely to cancel
  • Identify time periods of elevated cancellation risk
    • Could be in the life of the client (e.g. first 6 months)
    • Could be in the calendar year (e.g. summer)
  • Establish SOP for high risk clients
    • e.g. Send them an email to schedule a call
  • Establish SOP for high-evelation time periods
    • Have automated onboarding & follow-up process for early clients
    • Schedule fun events during the summer (e.g. lifting meet followed by barbecue)

These are some example, and they might not actually accomplish the goals. You'll need to be able to measure progress toward the goal with metrics. Let's move onto discussing metrics.

What is Your GAMEplan? Did You Accomplish Your Goal?

Metrics help you determine if you're moving toward your goals or not. They help you answer whether you've accomplished your goals or not.

As you setup your GAMEplan, you'll need to schedule a time at the end of the month to assess the past month and then create a new GAMEplan for the next month.

You'll also need to schedule time to accomplish the actions items. A good way to complete these is using the Pomodoro technique.

There are many ways you can err with the GAMEplan, but don't stress it too much because you'll never achieve perfection. Keep striving to get better.

You may have overly ambitious goals or far-too-easily-achievable goals. Your actions items may not have moved you toward your goals or far less than you thought. You may have put too much on your plate (or not enough).

Keep developing ambitious goals, pursue them with actions you believe will accomplish them, and measure them with metrics. Then execute and assess.

What is your GAMEplan?

PS - Coach Smarter, Earn More: https://bit.ly/3X4ixOX Matt's Links Website: https://ryanmattreynolds.com/ Instagram: https://www.instagram.com/reynoldsstrong/?hl=en Chris's Links: LinkedIn: https://www.linkedin.com/in/chrismreynolds/

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

...more
View all episodesView all episodes
Download on the App Store

Mondays with MattBy Barbell Logic

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

29 ratings


More shows like Mondays with Matt

View all
Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,529 Listeners

The Ramsey Show by Ramsey Network

The Ramsey Show

39,188 Listeners

How I Built This with Guy Raz by Guy Raz | Wondery

How I Built This with Guy Raz

30,211 Listeners

The How of Business - How to start, run, grow and exit a small business. by Henry Lopez

The How of Business - How to start, run, grow and exit a small business.

506 Listeners

Founders by David Senra

Founders

2,197 Listeners

The Daily by The New York Times

The Daily

113,035 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,826 Listeners

Blog & Mablog by Canon Press

Blog & Mablog

1,393 Listeners

SmartLess by Jason Bateman, Sean Hayes, Will Arnett

SmartLess

58,492 Listeners

The NXR Podcast by NXR STUDIOS

The NXR Podcast

985 Listeners

The King's Hall by Brian Sauvé & Eric Conn

The King's Hall

1,188 Listeners

Bright Hearth by Brian Sauvé, Lexy Sauvé

Bright Hearth

1,376 Listeners

The Money Mondays by Dan Fleyshman

The Money Mondays

457 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

170 Listeners

Business History by Pushkin Industries

Business History

105 Listeners