In this episode of The Tactical Empire, Jeff Smith and Shawn Rider break down how business owners can make smarter business decisions without spreading themselves too thin. They discuss the dangers of chasing projects just because you can, the importance of ROI, knowing your ideal client, and how to filter opportunities through time and perspective.

Learn why having the skill to do something doesn’t always mean it’s the right move, how to stay focused as a visionary entrepreneur, and strategies for balancing new ideas with the core business that got you here. Perfect for business owners, founders, and ambitious entrepreneurs who want to grow smartly while avoiding wasted effort.

[00:00] Intro – Jeff Smith welcomes Shawn Rider

[00:17] Talking about personal skills we wish we had

[02:25] Shifting to business: Not every ability should be pursued

[04:02] Examples of wasted business spending and chasing ROI

[07:57] Visionary entrepreneurs and the “squirrel brain” problem

[11:21] How to filter opportunities before jumping in

[12:26] Can you see yourself doing this role in 3 years?

[14:37] The importance of unbiased third-party perspective

[15:33] How to reach Jeff and Shawn – IG, Facebook, YouTube

In this episode of The Tactical Empire, Jeff Smith and Shawn Rider discuss the struggles of balancing business growth with family life. Entrepreneurs often find themselves working long hours to grow their businesses, but how do you balance that with family time? The conversation dives into the importance of setting boundaries, focusing on high-value activities, and learning how to manage your time effectively. Discover practical strategies for achieving both personal and business success while maintaining a fulfilling family life. Don't miss this episode packed with real-world advice for entrepreneurs!

[00:00] Introduction to the topic: Balancing business growth and family life

[01:00] The challenges of being an entrepreneur and maintaining family connections

[02:30] How to prioritize high-value activities for business success

[04:00] Setting boundaries in both work and home life

[06:00] The importance of effective time management

[07:30] Practical tips on managing work-life balance as a business owner

[09:00] Recap and final thoughts on optimizing family and business growth

In this episode, Jeff Smith and Shawn Rider break down the importance of tracking the right KPIs in business. They discuss how focusing on the right metrics, such as profit, effective hourly rate, and customer retention, can lead to a more stable and successful business. From revenue to employee retention and ROI, they explain why vanity metrics can be misleading and how business owners should focus on the KPIs that truly drive growth. Don't miss out on understanding which KPIs matter most for your business success.

Timestamps:

[0:00] - Introduction: Importance of KPIs in business

[1:10] - Defining Key Business Metrics

[3:30] - Tracking Profit and Effective Hourly Rate

[5:00] - Customer Retention: A Key KPI to Track

[7:00] - How to avoid vanity metrics

[9:00] - Building a System to Track KPIs

[12:00] - Conclusion and Why You Should Start Tracking KPIs Today

Key Takeaways:

Tracking the right KPIs is essential to business success.

Focusing on metrics like profit, effective hourly rate, and customer retention drives growth.

Avoid vanity metrics that don’t contribute to your business's bottom line.

Resources:

Tactical Empire Community: Join our community for more tips and discussions on KPIs and business growth.

Book Recommendation: Operation Wealth by Jeff Smith

Infinite Banking: Learn more about this strategy for building wealth.