177: Measuring What Matters in Your Design Firm with Michele Williams

Welcome to 2022! This year we are going to focus on metrics in our companies. Identifying what metrics are, what we need, and how to go about monitoring them. Last year it was all about strategy – and this year all about how to make the strategy work. Listen in for tips and tricks that will help you determine if you are still on task or not.

Topics Mentioned: 

• Metrics

• Focus

• Analysis

• Standards

Key Thoughts:

• One of the most important sections in a strategic plan is where you create metrics to aim for as you grow in your business. And while creating these measurements needs to be done, what is most important is actually measuring to a measuring stick. Michele (2:03)

   

• We need to determine what we are going to measure, when we are going to measure it, how we are going to do that, and when are we going to review what we have measured. Michele (4:11)

   

• It is so very important to create time budgets for projects and then measure to them with time tracking, both in the amount of time the tasks took as well as measuring to a completion date. Keeping up with your hourly tracking can provide a wealth of knowledge as you analyze what is working and not working in your firm. Michele (5:16)

   

• Each person on your team should have something that they are measuring within their job description, and they should know how that action or activity will generate profits for the company. Everyone impacts profits. Michele (7:21)

 

Contact Michele:

• Email: [email protected]

• Facebook: Scarlet Thread Consulting

• Instagram: @ScarletThreadATL

• Website: ScarletThreadConsulting.com

• LinkedIn: Michele Williams

 

References and Resources:

• AIM Masterclass - Watch now