Still Using Excel To Track Your KPIs? Here's A Better Way

Posted by John Boudreau on Dec 2, 2017 6:45:00 PM

This blog post is for those small businesses that are currently tracking KPIs using Excel. I am going to share a more productive and less time-consuming way to not only track KPIs, but also keep your team aligned and focused on the right things.

Tracking KPIs Can Drive Real Results

When I say “tracking” I mean that you have a set of meaningful measurements that you review with your team on at least a monthly basis. These measurements are helping to give you a clear picture of where your business is headed.

If you're like most businesses, you are using multiple Excel spreadsheets to keep track of these critical metrics. 

Note: If you’re not tracking KPIs, I would encourage you to do so ASAP. We've seen this one simple exercise help to drive significant improvements of profit. If you need help determining which KPIs to track, please contact us and we can help. Just click on the button at the bottom of this post. 

For example, last week we helped a $12M manufacturing company determine the right KPIs based on their strategic plan.

If you're not sure why tracking KPIs is such a big deal, please read this post on how we helped one company increase their profit by 135%! KPIs work. 

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Topics: KPIs, Excel, company goals

5 Secrets To Achieving Your Company Goals, The 5th Will Surprise You

Posted by John Boudreau on Nov 23, 2017 10:51:14 AM

I am sure that you agree that in order to maximize business performance, each employee must be in 100% agreement with the company’s goals and vision.

If you're frustrated and feel that your team is not rowing in the same direction and aligned, you’re not alone.

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Topics: company goals, company core values, KPIs

To Drive Greater Results, Link KPIs To Strategy

Posted by John Boudreau on Nov 20, 2017 2:05:35 PM

Tracking KPIs (key performance indicators) is a real competitive advantage for a small business. No business magically drifts into a better version of itself and KPIs can help to ensure your team is executing on your strategy and driving the results you expect.

But what about strategy? But when we talk to small businesses about strategy, the concept can be confusing and strategic planning can sound like a time consuming process to time crunched CEOs.

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Topics: KPIs, strategy

How To Select The Right Manufacturing KPIs

Posted by John Boudreau on Sep 26, 2017 4:27:28 PM

Many companies struggle with what to measure to improve the performance of their companies. I've seen some blog posts that just give a long list of manufacturing KPIs for the reader to chose from.

Deciding on your manufacturing KPIs is as important as thinking through your system to track, review and correct.

You are choosing manufacturing KPIs in order to improve your performance. To do so, I recommend companies follow these 4 steps.

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Topics: Manufacturing KPIs, KPIs, company alignment, company goals

Step By Step Guide For Setting Small Business Goals

Posted by John Boudreau on Feb 24, 2017 3:13:29 PM

In Part I of this series on small business goal setting, we talked about the history and research which supports most of today's small busines goal setting theory.

We focused on five areas which can affect a small businesses' ability to achieve the goals they set.

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Topics: goal setting for small business, KPIs, Accountability, SWOT, BHAG

Is A Low Gross Margin Causing You To Leak Profit - (Part I)

Posted by John Boudreau on Jan 18, 2017 3:39:17 PM

In this four-part series, I want to share four areas where your business may be leaking valuable dollars. I'll call them profit leaks. Many business owners operate with a "leaky bucket" and don't even know it.

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Topics: Increasing Profit, leaking profits, gross margin, KPIs

A 4-Step Strategic Planning Process Guaranteed to Increase Your Profit

Posted by John Boudreau on Sep 7, 2016 10:22:20 AM

It’s that time of year again when many companies are beginning to think about 2017.

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Topics: strategic planning, strategic plan, KPIs, company goals, core values, BHAG

How The Right KPIs Led To A 135% Increase Profit

Posted by John Boudreau on Aug 24, 2016 10:58:42 AM

I wanted to share a case study with you about a company we’ve been working with who was struggling with some internal issues that resulted in poor financial performance. We were called in to help solve these issues and improve the bottom line. The result, a 135% increase in profit. 

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Topics: Increasing Profit, KPIs, Value Drivers, KPI Dashboard

What Are KPIs And How Do You Use Them?

Posted by John Boudreau on Aug 4, 2016 3:51:28 PM

There seems to be a great deal of confusion for business owners around KPIs (key performance indicators).

We know we need them, but measuring them seems so elusive and tedious that small business owners just don’t measure them with any sort of consistency.

If you can relate, read on. We've even included a FREE KPI Tracking Template. 

Download Your Free KPI Tracking Template

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Topics: KPIs, strategy map, leading KPIs, Lagging KPIs, Definition of KPI

3 Ways to Take the Pain Out of Measuring Employee Performance

Posted by John Boudreau on Jul 21, 2016 2:14:21 PM

It’s time for that employee review and you’re dreading it. You feel completely unprepared. You don’t feel good about the employee’s performance, but you don’t have any real data to back that feeling up.

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Topics: performance managment, performance reviews, employee performance, KPIs