Establish a Weekly Dashboard!

In this episode we’ll offer a Force for Good’s  game-changing strategy – setting up a dynamic weekly dashboard to track Key Performance Indicators (KPIs). We discuss the profound importance of monitoring KPIs through a weekly dashboard, empowering you to steer your business towards unprecedented growth and success.

TOPICS COVERED

• Discover how tracking KPIs on a weekly dashboard can propel your business towards success.
• Learn how a weekly dashboard streamlines KPI monitoring, boosting efficiency and productivity.
• Uncover how real-time insights from a weekly dashboard empower informed decision-making. 
• Design A Weekly Dashboard for your business using the free companion found at www.aforceforgood.com/retreat

CHAPTERS:

• 00:02 - Welcome to the Retreat
• 00:05 - Planning for Exponential Growth
• 00:16 - The Shocking Stats on Women-led Businesses
• 00:44 - Breaking Through Barriers
• 01:12 - Creating a Purpose-Led Vision
• 02:12 - The Importance of KPIs for Leaders
• 04:15 - Designing Your Weekly Dashboard
• 05:05 - Using Google Sheets for Tracking
• 03:59 - Building a Culture of Innovation
• 09:09 - Final Thoughts on Your Business Plan
• 10:35 - Join the Force for Good Movement

KEY HIGHLIGHTS:

• Weekly Dashboard are created once you’ve created your strategic growth plan developed in episodes 1-8 in the  1-Day Business Acceleration Retreat. 
• Use the companion workbook available at www.aforceforgood.com/retreat to track your journey. You will develop a succinct plan, achieving clarity, and aligning team efforts.

TAKEAWAYS:

• Women-led businesses have immense potential, yet only a small fraction achieve significant revenue milestones.
• Creating a dashboard for KPIs is essential for tracking business performance and fostering accountability.
• A weekly ritual of reviewing KPI data can establish a culture of innovation and continuous improvement.
• Utilizing simple tools like Google Sheets can effectively track key performance indicators across teams.
• Designing a purpose-led plan enables women founders to inspire their teams and drive growth.
• Embracing a culture of celebration around achievements helps to motivate teams and enhance performance.

NEXT STEPS: 

• Listen to episode 10 – Launch the Weekly Acceleration Meeting
• 1-Day Growth Plan Template & Companion Guide! Download the tools that complement this podcast series here: https://aforceforgood.biz/free-plan/
• Are You Ready to Grow? Find out your Growth Readiness Score and receive tools tailored to help you accelerate impact, scale, and profit. https://aforceforgood.biz/quiz/
• Pre-order your copy of "A Force For Good," the book launching in 2024, and immediately receive access to the full Force for Good Toolkit. 50+ tools and templates that will help you unlock the puzzle of growth in your business: https://aforceforgood.biz/book/
• Online Growth Accelerator! Sign up for the online path to turning your company into the high-impact, high-growth company you envision. https://aforceforgood.biz/accelerator/

***The Business Acceleration Retreat is also available in video format at the FFG YouTube Channel.***

ACCESS THE FULL BUSINESS ACCELERATION RETREAT on YOUTUBE:

Episode 1: Introduction:

https://youtu.be/OEsx0VU2VuQ?si=inHNNhcxwcv4I-63

Episode 2: Unleash Your Core Purpose

https://youtu.be/tWF4jPAck-c?si=yMMhgst38ObKj5Hb

Episode 3: Unlock Your Company Vision

https://youtu.be/tWF4jPAck-c?si=yMMhgst38ObKj5Hb

Episode 4: Discover Your Most-Needed 12-Month Breakthrough

https://youtu.be/NNJJveaqUsA?si=gkNJl7hIvOffNsJV

Episode 5: SWOT Your Way to Business Growth

https://youtu.be/fw4-wkz6Cns?si=RswTKUQ3e3iiIRYQ

Episode 6: Create a Winning Quarterly Map

https://youtu.be/xz7QNkdglSo?si=7pVcxR5NIfpSGZCR

Episode 7: 30-Day Goals Transform Your Team

https://youtu.be/i0shqlju2X0?si=BAoeEzdlYrZ8Q0cc

Episode 8: Using KPIs to Propel Business Breakthroughs

https://youtu.be/98MHXIU3mw0?si=sQIVEAaeqE9ImC7l

Episode 9: Crafting Your Weekly Dashboard for Success

https://youtu.be/zk87Ugbbhg4?si=pSmGNJ4KyGUgPmKR

Episode 10: Launch Your Weekly Acceleration Meeting

https://youtu.be/JHzKHAx2Q-s?si=iTwi8f07oQU88ObM

Welcome to the one day business Acceleration Retreat.

This experience is designed to help women founders just like you plan and execute the exponential growth of your business.

Only 3% of all women led businesses cross the chasm of generating $1 million or more in annual revenues, and only 2% are funded through venture capital.

These statistics are shocking, given that women are also known for delivering a higher return on capital and for being better able to handle major disruptors in business.

The one day business Acceleration retreat is your entryway into breaking through the barriers of exponential growth by helping you build a purpose led and visionary plan to inspire your team.

Also guiding you to discover specific, repeatable actions that will create traction.

More prospects, more customers, more sales.

I am Coco Selman, five time founder, Impact investor, creator of the force for good business system, and your host on this transformative journey.

Women led business is the most powerful, innovative force in the world.

With purpose led leaders like you at the helm, we can lead, lead in both impact and profit.

The future of business is women.

This is our time.

Let's make the world better through business.

Hello and welcome back.

Here we are in episode nine and about to design a weekly dashboard.

So this is the last step of building a plan to actualize your envisioned better future.

So this is a.

It's a really important piece.

I think if you listen to the last episode, you learned that KPI's are often the things that purpose led leaders don't do so well.

This would be the next important step.

One of the things I learned over the years is that you can set up KPI's and you can decide on who has what KPI's even, or, and gosh, if you even go through to the detail of figuring out where you're going to get the data for the KPI's and how it's going to be measured, all that's great.

But if you don't have a simple, easy place where everybody is going to report their data, all going to fall apart, I promise you.

And so this piece is part of being transformative, okay?

As a leader, you're accountable for results.

And creating systems that allow for results to come to you and for people to follow through is part of what it means to be transformative.

And so this step, while it is kind of tactical, is really important in the grand scheme of things.

This will make the rest of the journey the weekly process of measuring, collecting, reviewing, innovating data.

So natural.

And once everybody gets used to it, it's like it becomes such a habit.

It's like it will build a culture of innovation.

This little piece will make a huge difference, can't express to you how important it is.

So design a weekly dashboard and it won't take you long, I promise, because you've already done the work, you've already figured out what your KPI's are.

So you're going to build a dashboard and it's going to be the place where you track your key performance indicators and where every week you, whoever the owner is of the data, is going to report the data.

So you're going to build a dashboard that makes it easy for the owner to drop the data in into the weekly tracker, and then you can all look at it together and analyze trends and figure out how could we create a breakthrough this week when we look at the data.

So when you're setting up this piece, you're going to figure out what your dashboard looks like.

The other consideration is where you want to report the data.

I highly recommend to start out to use a Google sheet, right, or something shareable like that, where multiple people can get in and out of it and be using it and reporting.

You can also work with a dashboard tool like Domo or Zoho analytics or 90.

You can also work with.

There's a whole bunch of different analytics and dashboard software software out there, but I recommend you start out with simple Google sheets where you just simply, in the first column, you list out all the metrics, all the KPI's, right?

You've got probably five or so KPI's.

The next column is who's the owner?

And then what's your 30 day goal?

Right?

You already figured that out in the last session, and then you have each week what the amount is.

So start with last week and have your owners go in and report last week's data, and then every week thereafter.

What I love about a Google spreadsheet is that then you can create your weekly ritual, which we're going to talk about in episode ten, a little more in detail.

But you can then create a link to that Google sheet and put it right into the agenda.

So everybody can just come back every week, or into the meeting, invite and just click on it, upload that, open it up, put their data in, they're done.

Then when you have your meeting, the dashboard is just the Google sheet.

All of it's right there.

And then you can just be all together looking at the same information and innovate and improve.

So when you download the companion manual that goes with this workshop, you will have access to a couple of templates.

One's a PDF template and the other is a Google sheet.

And it's exactly the Google sheet that I use and I've expanded it over the years for force for good.

I have one Google sheet for, for my other businesses.

I have, I have separate sheets and different people come in.

There's also where you could do it is each team has their own Google sheet, if you want, so that you can make sure each dashboard is appropriate to the people on the team.

But to get started right with these five KPI's that are about your twelve month breakthrough, the 30 day goals and the quarterly goals that you have in place, just use a simple Google sheet and start that process.

Start build the actual dashboard.

And then when you have your first meeting, it'd be really easy to just open it up and have everybody start to look at the data together.

All right, congratulations.

That's all it takes to be able to create your whole entire plan.

Notice how this plan is a little unique, right?

This is the plan where you first create your envisioned future and then you do your plan and your plan is your swot, right?

First you create your swot analysis and then you start to move into your plans, your quarterly map, your 30 day goals.

What are your KPI's that are going to help you measure it?

And then what your dashboard is?

So that's what you, your plan is.

Notice how that plan isn't just like a list of actions, but it's actually a full system to help you home in and know what your highest and best use is for you and every member of your team.

And this is going to give you a lot more to add complexity and add nuance over time than just a list of action steps, right?

This is going to, this is going to allow you to, over time, improve, add levels of detail and get other people involved.

Right?

Every time you add more KPI's, you can add more people can contribute to the KPI's and it helps to build that culture of innovation and celebration.

All right, so that's all for this episode.

We're going to be right back.

And we'll be on our final episode to help you tie it up with a bow and launch an acceleration meeting that you have every week.

And that will help you to make sure that everything you've planned out here continues on and on and the performance improves.

You see progress weekly and monthly and quarterly, and ultimately you hit that twelve month breakthrough goal.

All right, see you in a few minutes.

Are you ready to build a business that leads in both impact and profit?

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Preorder your copy today at www.

Dot and receive immediate access to 30 plus valuable tools for you and your team.

Join the force for good movement.

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Aforceforgood dot biz book.