How To Use Metrics
Channel: Sam Ovens
Category: Education
Description: How do you manage your business with a blizzard of metrics available at your fingertips? This video explains how: consulting.com/channel/how-to-use-metrics ABOUT THIS VIDEO: It’s funny, most entrepreneurs know they should be managing their business by the numbers, but the truth is under the hood of most entrepreneurs’ spreadsheets — is absolute mayhem. If you ask them about a particular metric, they really cannot tell you. If you try to find it in their tracking systems, it’s so convoluted and unreliable, that you cannot have high believability in it. Making decisions off of dirty data is like driving your car with the windshield caked in dirt -- you kind of know where you’re going, but there’s a high chance your going to crash eventually. That’s no way to run a company at scale. Here’s the good news: managing the metrics is easier than most think! It’s easy to get lost in a sea of numbers, but as the entrepreneur part of your skillset is to be able to determine signal from noise in the numbers. To identify the cause-effect relationships that make the key numbers move. Quantum Mastermind is my highest level training, and most of the community is making 7-figures with 4 people making 8-figures. It’s a talented group of people who are doing well. You’d think we get into super advanced things at this event? What’s funny is, we often focus on removal. Removal of complexity, of too many low-yield activities, of business objects, and of trying (and failing) to watch too many non-critical metrics. This approach to metrics is how I was able to take Consulting.com to record profit in 2019, while doing less. Check it out and let me know what you think in the comments? Here's the link to the full video: consulting.com/channel/how-to-use-metrics HERE'S WHAT WE COVER: 1. Why NOT to look at too many metrics, and the difference between local metrics VS global metrics. (powerful method). 2. The 1 daily financial metric I watch like a hawk. 3. Why you must maniacally monitor expenses and eliminate all “giraffes” (method from the Leveraged Buyout Industry). 4. Why you should look at your best and worst months and ask “WHY”! 5. The 1 critical operational question I ask daily. 6. The ONLY 2 activities cause record profit months (or catastrophic losses) in an online course or coaching business. 7. My predictions on the future of the online course industry in a RECESSION. WHAT IS QUANTUM MASTERMIND? Quantum Mastermind is our highest level training, it shows you how to scale to 8-figures by focusing on the things that matter and ignoring the things that don’t. We hyper-systemize your business, environment, mind and routine to the nth degree so that you can humiliate the competition. Interested in joining? Schedule a free discovery call with our team by going to consulting.com/call and mention in your pre-call survey that “I’d like to learn more about Quantum Mastermind”. Here's the link to the full blog post: consulting.com/channel/how-to-use-metrics To Your Success! Sam Ovens & the team at Consulting.com. C'mon over to consulting.com/channel/how-to-use-metrics where we answer your follow-up questions after the episode and provide the full mp3 as well as the transcript AND FREE TOOLS! If you enjoyed this video, subscribe to our channel and get the world’s best consulting, mindset and business advice delivered straight to your inbox at consulting.com. And if you’re interested in more videos on consulting, business and mindset, check out our YouTube playlist on those exact topics here: youtube.com/playlist?list=PLGHuSHKiG9sNLCpcY70xr1gHR7hAdaW8N Thanks for watching! FOLLOW US AT: Facebook: facebook.com/samovensfan Twitter: twitter.com/samovensnz Instagram: instagram.com/sam.ovens LinkedIn: linkedin.com/in/samovens
