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Turn Your LAGGING Indicators into LEADING Indicators: Contractor Evolution
Find More Episodes on PCA Overdrive: https://www.pcaoverdrive.org/contractor-evolution
PCA Overdrive is free for members.
Not a member? Download the app on the Apple Store or Google Play and enjoy a 7 day free trial!
Become a member: https://www.pcapainted.org/membership-resources/
To learn more about Breakthrough Academy, click here: https://trybta.com/PCA174
Get your free budget tool here: https://trybta.com/pca-ce
We all know the standard KPIs we need to track the success of a business. Dollars sold. Dollars produced. Gross profit. Net profit.
The only problem with these all-important metrics is that they are LAGGING indicators.
We find out about their performance AFTER the activity that drives them has already happened. They tell us whether we achieved the results we wanted, but say little about how to get those results in the future.
This is where LEADING indicators can be instrumental in helping you lead your team.
If you tell your project managers to raise gross profit next quarter, they won’t know how.
But if you tell them to keep their materials expenses below 15% by following a more efficient ordering and purchasing process.
They actually stand a pretty good chance.
Today, Breakthrough Academy Coach Brayden Russell is on the show to break down how to turn your lagging indicators into leading indicators and orient your team towards success.
00:00 - Intro
02:08 - Lagging vs. Leading Indicators
04:34 - The Conveyor Belt Analogy
25:29 - How to identify your leading indicators
41:32 - How to nail down your quarterly critical numbers
Subscribe to Breakthrough Academy to never miss a video! �
http://bit.ly/youtubebta
Interested in working with us? Let's chat: https://trybta.com/welcome
Join our Facebook Group:
/ contractorroundtable
Connect with us on Social Media:
Facebook: / thebreakthroughacademy
Instagram: / btacademy
LinkedIn: / 10175179
Email: [email protected]
Phone: 1-800-875-1704
#BTA #BreakthroughAcademy #BuildingSuccess
View all episodes
By PaintEd Podcast
4.9
5656 ratings
Find More Episodes on PCA Overdrive: https://www.pcaoverdrive.org/contractor-evolution
PCA Overdrive is free for members.
Not a member? Download the app on the Apple Store or Google Play and enjoy a 7 day free trial!
Become a member: https://www.pcapainted.org/membership-resources/
To learn more about Breakthrough Academy, click here: https://trybta.com/PCA174
Get your free budget tool here: https://trybta.com/pca-ce
We all know the standard KPIs we need to track the success of a business. Dollars sold. Dollars produced. Gross profit. Net profit.
The only problem with these all-important metrics is that they are LAGGING indicators.
We find out about their performance AFTER the activity that drives them has already happened. They tell us whether we achieved the results we wanted, but say little about how to get those results in the future.
This is where LEADING indicators can be instrumental in helping you lead your team.
If you tell your project managers to raise gross profit next quarter, they won’t know how.
But if you tell them to keep their materials expenses below 15% by following a more efficient ordering and purchasing process.
They actually stand a pretty good chance.
Today, Breakthrough Academy Coach Brayden Russell is on the show to break down how to turn your lagging indicators into leading indicators and orient your team towards success.
00:00 - Intro
02:08 - Lagging vs. Leading Indicators
04:34 - The Conveyor Belt Analogy
25:29 - How to identify your leading indicators
41:32 - How to nail down your quarterly critical numbers
Subscribe to Breakthrough Academy to never miss a video! �
http://bit.ly/youtubebta
Interested in working with us? Let's chat: https://trybta.com/welcome
Join our Facebook Group:
/ contractorroundtable
Connect with us on Social Media:
Facebook: / thebreakthroughacademy
Instagram: / btacademy
LinkedIn: / 10175179
Email: [email protected]
Phone: 1-800-875-1704
#BTA #BreakthroughAcademy #BuildingSuccess
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