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Proactive Measures to Ensure Success in Business

Don’t wait until mid-month to find out if you hit your goals!

Too many business owners are waiting until after the month (or even worse, the year) is over to check on their success. This is a huge mistake!

Certain reports like your financial statements cannot be prepared until after the month is over, but many other numbers can be tracked proactively, as you go through the month. This way, we have more control over how successful we are, and we will also be more profitable!

Business Graphs

There are a number of things you can track in real time that will help you and your team achieve goals. Below I’ve listed a few examples, but you know your business best, so to determine your best proactive measures simply ask “which numbers contribute most to me hitting my revenue, expense and profit goals, and my strategic objectives?”

Track number of leads coming in

How many new leads are coming in per day, and per week? How many leads per month do you need to hit your revenue goals? *Make sure to separate the leads by source so that you can use the data to make better marketing decisions.

Track conversion rate of leads

What percentage of the leads coming in are converted into clients? What percentage conversion rate do you need to achieve your customer goals, and therefore your revenue goals?

Track number of customers

How many customers do you have this month, week, day? How many do you need this month to hit your revenue goals?

Track average sale per customer

Divide your total sales by the number of customers to determine your average sale per customer. If you have X (number from above) customers per month, what does the average sale need to be in order for you to hit your revenue goal?

Track daily sales as a percentage of total sales goal

This is one of my favorite proactive measures. Take the number of days you’ve been open so far this month, and divide it by the total number of days you’ll be open this month. Then compare that percentage to the percentage of your sales goal you’ve achieved so far (sales so far / total sales goal). If you’re 59% through the month, but only 45% of the way to your sales goal, you’ve got some catching up to do!

As I said, you’re the expert in your business, so choose your own proactive measures (or use mine) and get ahead of your goals this month!

If you feel you need some help increasing your profits, contact TMH Business Coaching and Consulting today for a confidential, free, no obligation consultation to propel you forward. Also, please feel free to add yourself to our weekly coaching tips email!

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Kelli-Rae Tamaki

Kelli-Rae Tamaki

Kelli-Rae is truly passionate about successful business which is why she has spent 18 years studying, running, coaching and consulting with businesses, just like yours.
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