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Episode 031 - Do the Numbers
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In this episode of the Business Broken to Smokin’ Podcast:
Lodestone True North’s Head Coach Mark Whitmore and our guest Tim Campbell CVO of Dearman Moving & Storage ( https://dearmanmoving.com/ ) discuss the “Do the Numbers” exercise. Tips for facilitating a leadership team session in which you look at the big numbers for the past year.
0:00 Intro
2:40 Tim’s take away on “Do the Numbers”
5:43: Dave Ramsey quote - “Right after I do something desperate, I do something stupid.”
(Don’t act out of desperation)
8:20 Why should we do “Do The Numbers“ exercise?
8:30 We’re bad at summarizing
9:50 Data deaf or data drunk
10:35 Inability to see or measure forward progress
16:30 A one page story, not a report
24:35 Shoutout to Preston True! The 100 pennies exercise
27:40 How to do this exercise, hands on. Gather some of the macro elements of your business
33:30 Productivity equation: Revenue divided by expenses = productivity number
37:30 People / Culture / Competition / Vendors
41:50 Shoutout to Heath Hostettler
42:49 Story about Marcus Luttrell
47:45 Book reference: The Tipping Point by Malcolm Gladwell
49:00 What gets measured gets done
1:04:10 Process
1:06:40 Systems
1:08:30 Strategy / vision
1:16:30 Building a template
1:21:10 Some hurdles: 1-Let’s have an annual reset 2-Let’s do some good work while we do this reset 3-How are we going to change?
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