Million Dollar Mistakes Session 3: How to Master the Numbers You Must Know and Create Your Scorecard

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In today’s episode, I’m sharing the 3rd million dollar mistake.

 

 

Not knowing what I was doing in this area cost me thousands of dollars and sleepless nights. 

 

You don’t have to make that same mistake. I’m going to give you the exact steps you need to take in order to avoid it.

 

To sum it up, you need to be measuring your success in your business. Measuring success starts with having a balanced scorecard.

 

On a scorecard, you take the 5 core areas of your business and create systems, structures, and strategies around them.

 

These scorecards can be done monthly, quarterly, annually, or all of the above. You can focus on one area of business where you need the most help or slowly work your way up to assessing all 5 areas.

 

Tune in to learn exactly how I create scorecards in my business and how to create them in yours.

 

In this episode, you will hear:

  • How to create a financial performance scorecard.
  • How to analyze your customer value performance.
  • How to evaluate the internal processes of your business,
  • What innovation performance is.
  • How to assess employee performance and create a strong company culture.

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Supporting Resources:

https://marissanehlsen.com 

Facebook: https://www.facebook.com/marissa.nehlsen

Instagram: https://www.instagram.com/marissanehlsen/

Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/

Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/

7 Steps to Financial Freedom: https://marissanehlsen.com/7steps/

The E Myth by Michael E. Gerber: https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280

The Four Disciplines of Execution: https://www.amazon.com/Disciplines-Execution-Expanded-Achieving-Important/dp/198215697X/ref=pd_lpo_14_t_1/142-1058256-7909146?_encoding=UTF8&pd_rd_i=198215697X&pd_rd_r=12857c70-812a-40e5-a938-90d6d818f329&pd_rd_w=clokr&pd_rd_wg=1O9IJ&pf_rd_p=16b28406-aa34-451d-8a2e-b3930ada000c&pf_rd_r=2C01BBAMJVAZBMEBZHTA&psc=1&refRID=2C01BBAMJVAZBMEBZHTA

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Danny Ozment

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