Whether your goal is to become a more systematized organization, to scale your company or stabilize what you have accomplished, utilizing scorecards for business growth tracking can help. Utilizing weekly activity-based scorecards based on Key Performance Indicators (KPIs) will allow you to accurately gauge the pulse of your organization on a consistent basis.
Most businesses determine quarterly KPIs, but we take this one step further by implementing weekly scorecards for business tracking and to ensure growth. This allows you to keep tabs on all important activities that contribute to your success. Plus, you don’t have to wait for a quarterly review to pick up inconsistencies.
If you are able to monitor key metrics from your sales, operations, and finance departments on a weekly basis you will be able to react to issues and downturns as they arise. Below you can click through to view example KPIs for different industries.
There are a few rules to keep in mind when creating your departmental KPIs in any industry. When implemented correctly, metrics should motivate team members, instead of overwhelming them!
Implementing scorecards and measuring KPIs can be tricky. Often, employees get stuck trying to identify metrics for themselves. We can help your team identify goals to track, as well as address any issues they are having. Our business advisory services can extend to meetings with your team where we mobilize them to complete their scorecards each week.
Putting some thought into this integration phase is worth it, as you’ll have reliable data to use in your company. This is invaluable for forecasting and to improve profitability. You can also identify issues or anomalies and find ways to solve them in meetings. This process greatly streamlines interaction within a team as everyone is accountable for their score and know what they should be focussing on.
View and download example KPIs for each of these industries
We are expereinced in growing businesses and mobilizing teams. We have had great success with scorecards as it is a powerful tool for managers, owners and investors to gain big-picture control. With our help, your team can optimize their scorecards to reach their weekly project goals while keeping quarterly outcomes in mind. Contact us and let’s chat about increasing transparency and profits with the help of scorecards.