KPI's That Keep Businesses Safe
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In this power-packed episode of Wealth Unfiltered, host Samantha Parrinello sits down with business strategist and coach Chad Ackerman to uncover the critical metrics that can make or break your company. Chad shares insider strategies for tracking the right KPIs, avoiding common business pitfalls, and building a thriving company culture that drives results.
Discover the exact framework successful entrepreneurs use to scale sustainably while avoiding burnout. Whether you're a solopreneur struggling with growth or a business owner looking to optimize operations, this episode delivers actionable insights on financial management, hiring strategies, and the power of focusing on your strengths.
Learn why most entrepreneurs track the wrong metrics, how to identify red flags before they become disasters, and the surprising truth about revenue as a vanity metric. Chad's practical approach to goal-setting and accountability will transform how you think about business growth and create lasting success.
Key Takeaways:• Focus on Strengths, Not Weaknesses: Hire people who excel in areas where you struggle rather than trying to improve your weak points - it's more energy-efficient and profitable
• Revenue is a Vanity Metric: Don't get caught up in top-line revenue numbers; dig deeper into profitability, cost of goods sold, and specific industry metrics that actually drive growth
• Goals Must Be Measurable and Time-Bound: Vague goals like "grow my business" are useless - create specific, actionable KPIs with clear deadlines to drive real results
• Culture Drives Performance: Engaged employees directly impact safety, productivity, and bottom-line results - invest in building ownership mentality within your team
• Start with Goal-Setting: Before tracking any metrics, spend serious time defining what you actually want to achieve - this prevents chasing shiny objects and wasted investments
• Hire for Engagement: Personnel issues are the #1 problem most business owners face - focus on finding engaged people who complement your skill set rather than duplicating it
35 episodes