Unlocking Business Growth: Tracking the 5 Essential Numbers

In this video, the speaker discusses the five simple numbers that should be tracked and increased every month in a coaching business.

The speaker emphasizes the importance of tracking significant metrics and shares a simple system called the 'five dials' for monitoring progress.

The video concludes with the speaker providing the five numbers that should be regularly grown and discusses the importance of monthly updates for clients.

🔢 The video talks about tracking five key numbers to grow every month.

📈 The first number to track is the number of leads generated each month.

📊 Leads can be measured as email addresses or sales calls booked in.

🔍 Track the number of leads per month.

💰 Monitor monthly revenue in dollars.

📈 Calculate profit as a percentage.

💰 Profit margins as a percentage is an important metric for business growth.

⏰ The number of days per week spent on your unique talent, or 'genius,' is crucial for success.

📈 Consistent growth in revenue is challenging for most businesses.

💼 The goal is to increase the number of days spent on admin grunt work.

📈 The metrics to track growth are the number of leads, monthly revenue, percentage margins, and the number of days spent in genius.

⏰ The most challenging metric is the number of three days spent without thinking about work.

📅 The number of days spent on work per month is a crucial factor for business growth.

🔢 There are five important metrics that need to be tracked for business growth: number of leads, monthly revenue, profit margin, number of days spent on work, and number of days spent on focused tasks.

🗒️ At the start of each quarter, it is essential to set goals and determine five projects that will contribute to achieving the desired metrics.

💡 To consistently grow every month, it is important to have multiple projects that collectively contribute to the growth.

📊 In order to track progress, the team uses a scoreboard with everyone's name listed and five projects displayed.

👥 Peer accountability plays a crucial role in ensuring the completion of the projects and achieving the desired growth.