In this course,
we cover:
TRACKING YOUR EXPENSES
You must know where every penny is going by diligently recording everything you spend your money on. This will allow you to cut an estimated 5-10% off of your expenses. With a detailed record of your expenses, you’ll be able to see what’s really important and what isn’t.
TRACKING YOUR REVENUE
This doesn’t refer to how much money came into the bank account at the end of each month. This means knowing where the money came from, how it got there, and how you can get more of it from the same or a similar well. You need to know how much came from residual income, project work, referral fees and pass through project work.
TRACKING CUSTOMER ACQUISITION COST
Try not to think of this as an expense. Instead, CAC refers to finding leads, closing those leads, and then creating paying customers. This should be at the top of the list if you’re thinking of scaling or selling your agency. Your success will be determined by how much it costs you to get business in the door. This is much more detailed than simply throwing it in as a line item under the expenses category.
DEVELOPING KPIs
Define the systems and processes involved; automate whatever you can; develop a meeting and reporting rhythm to hold your staff accountable; and acknowledge, define, and plan for your challenges in advance so you can overcome them before they arise.
MANAGING KPIs
Develop scorecards for employees as well as your agency as a whole, assign ownership of those KPIs for your employees and relinquish control, and most importantly, praise and celebrate when you notice improvement!
BUSINESS INTELLIGENCE
Get real-time KPIs in place by syncing your tracking spreadsheets with your Customer Relationship Management system. Track your progress biweekly, monthly, and annually in real time so you can adjust as necessary.
Payment Info |
campaign.no.results.to.display |
All payments are secured by 256-bit encryption