The Martell Method w/ Dan Martell

How To Build a Forecasting Process For Your SaaS Business


Listen Later

Exclusive Download: Weekly Sync™ – Run Your Weekly Team Meetings Following This Structure Easy, Fast & Productive – http://bit.ly/2RdA8At

--

We’ve all suffered through it.

The end-of-year Zoom call where the fearless founder, likely fueled by a few craft beers, starts riffing off bold projections for the upcoming year.

“We’re gonna crush it”  

“We’re gonna change the game”

“2x… 5x… 10x”

You get the idea ;-)

I’m all for setting ambitious goals, and have crazy amounts of respect for any founder audacious enough to pursue them.

But ONLY if they’re backed by a robust forecasting and tracking/reporting system that helps bridge those “BHAG’s” into reality.

Without that, you’re blowing hot air and essentially giving your team an unrealistic (and unwinnable) game.

In this week’s episode, I cover the 7 aspects of a powerful forecasting system that helps you ground ambitious goals into the day-to-day reality of your startup… while keeping your team excited and motivated to hit them.

At a high level, your forecasting system will be made up of the following:  

1. Historical Data
2. Resources
3. Work Backwards
4. Set Targets
5. Review Monthly
6. Iterate Quarterly
7. Don’t Teach Your Team to Lose

The final point is arguably the biggest difference between companies that win and those that fizzle out. Any founder can step in front of a team and declare plans to “take over the world”.

But massive goals WITHOUT the proper forecasting system are a recipe for disaster.

Reckless enthusiasm will only take you and your team so far.

At some point, those missed projections will breed a losing culture and a collective eye-roll with every new initiative you dare set.

By all means, go big. But stay real.

And implement the forecasting system in this episode to coach a winning culture that actually follows through on their plans for world domination ;-)

--

Dan Martell has advised more startups than his hometown has people and teaches startup founders like you how to scale. He previously created, raised venture funding for and successfully exited two tech startups: Flowtown and Clarity.fm. You should follow him on twitter @danmartell for tweets that are actually awesome.

+ Instagram (behind the scenes): http://instagram.com/danmartell
+ Facebook (live trainings + Q&A): http://FB.com/DanMartell
+ Twitter (what I'm reading): http://twitter.com/danmartell

Exclusive Download: Weekly Sync™ – Run Your Weekly Team Meetings Following This Structure Easy, Fast & Productive – http://bit.ly/2RdA8At

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

The Martell Method w/ Dan MartellBy Dan Martell

  • 5
  • 5
  • 5
  • 5
  • 5

5

566 ratings


More shows like The Martell Method w/ Dan Martell

View all
The Cardone Zone by Grant Cardone

The Cardone Zone

3,911 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,857 Listeners

REAL AF with Andy Frisella by Andy Frisella

REAL AF with Andy Frisella

32,864 Listeners

The StoryBrand Podcast by StoryBrand.com

The StoryBrand Podcast

1,937 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,007 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,474 Listeners

Bedros Keuilian Podcast Show by Bedros Keuilian

Bedros Keuilian Podcast Show

2,302 Listeners

The Home Service Expert Podcast by Tommy Mello: $200 Million Founder|Forbes, Inc., Entrepreneur Columnist

The Home Service Expert Podcast

728 Listeners

Dropping Bombs by Brad Lea: CEO, Entrepreneur, and Host of The Bottom Line

Dropping Bombs

2,310 Listeners

Wealthy Way by Ryan Pineda

Wealthy Way

2,135 Listeners

Build with Leila Hormozi by Leila Hormozi

Build with Leila Hormozi

960 Listeners

The Money Mondays by Dan Fleyshman

The Money Mondays

456 Listeners

The BetterLife Podcast by Brandon Turner and Cam Cathcart

The BetterLife Podcast

850 Listeners

BigDeal by Codie Sanchez

BigDeal

945 Listeners

B.O.S.S. Moves Podcast by Myron Golden

B.O.S.S. Moves Podcast

161 Listeners