DecaMillionaire Decoded

As your business grows and scales up the risks change, and it’s important to keep tabs on these developments by reviewing them regularly while having a solid team at your back. In this episode, Justin and Jeff go over the different parts of Risk Management, the various indicators to track, and the importance of regularly reviewing the potential risks to your business.

When it comes to KPIs, KRIs and PIs of finance there are many different items that can be tracked to measure the progress and growth of a business. In this episode, Justin goes over the main indicators explaining why they are the most important to his business, Heritage Investors.

Having a Business Plan gives the owner of the business more than a route map to follow, it also provides the main indicators that are important to track specific to their business. In this episode, Justin goes over the main KPIs, KRIs and PIs relevant to his business, and explains why they are useful for tracking the business’s growth.

In episode 350 of Financially Simple, Justin talks to The Go-Giver author Bob Burg about the importance of Leadership in a business.

While the objective of a business is to make money, it is not the most important factor when deciding how to run a business. In this episode, Justin and Bob ask the important questions that result in money being the by-product of the answers and subsequent actions.

Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

_________________

TIME INDEX:

00:42 - Leadership, with Bob Burg

04:03 - "Does it make money?"

08:11 - A Bit of Backstory

14:51 - Coaches and Mentors

22:17 - Always Learning

26:46 - A Pearl of Wisdom

USEFUL LINKS:

Work with Our Team

The Go-Giver, by Bob Burg and John David Mann

Subscribe to the Financially Simple Newsletter

Financially Simple's The Ultimate Sale - Selling your Business for Maximum Profit

_________________

BIO:

Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 350 of Financially Simple, Justin talks to The Go-Giver author Bob Burg about the importance of Leadership in a business.

While the objective of a business is to make money, it is not the most important factor when deciding how to run a business. In this episode, Justin and Bob ask the important questions that result in money being the by-product of the answers and subsequent actions.

Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

_________________

 

TIME INDEX:

00:42 - Leadership, with Bob Burg

04:03 - “Does it make money?”

08:11 - A Bit of Backstory

14:51 - Coaches and Mentors

22:17 - Always Learning

26:46 - A Pearl of Wisdom

 

USEFUL LINKS:

Work with Our Team

The Go-Giver, by Bob Burg and John David Mann

Subscribe to the Financially Simple Newsletter

Financially Simple's The Ultimate Sale - Selling your Business for Maximum Profit

_________________

 

BIO:

Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute’s Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast’s hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

 

Advisors who wished to be ranked in Investopedia’s Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia’s Top 100 Financial Advisors List.

 

The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

 

This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

 

Leadership and team development are important KPIs that can be tracked in your business, which can show the progress of your employees throughout their career in your company, as well as employee engagement and satisfaction. In this episode, Justin and David go over the different KPIs that can be tracked, and some of the indicators that are specific to Heritage Investors.

When it comes to Key Performance Indicators for tracking Sales, the types of indicators are numerous and can also be specific to your business model. In this episode, Justin and Jeff look at how many indicators there are for Sales, the most important ones to track, and some that are unique to Heritage Investors type of business.

Your Business’s marketing strategy can provide some insightful indicators that can be measured over time to determine the success of the strategy as well as business growth. In this episode, Justin and April go over some of the main KPIs for Marketing, highlighting the importance of tracking these indicators.

Key Performance Indicators can be used to evaluate the success of a business, the efficacy of team members in achieving their goals, and overall performance. In this episode, Justin gives an overview of the up-coming episodes that will cover the various KPIs within a business, as well as a recommended reading list to help you better understand the what, why and how.

There are many metrics that can be tracked and measured, which can show the development of a business - but of all the possible measurements, which are the important ones that must be regularly checked? In this episode, Justin explains the different degrees of Indicator, from Standard to Critical Indicators.