The purpose of this article is to share a useful tool I recommend to all of my clients to help them monitor the key data in their business.
I have written about how to choose the right KPIs for your business, about measuring what matters, and about my recommended weekly leadership team meeting structure that includes a weekly data review.
But it occurred to me the other day that I’ve never shared my secret weapon that brings this all together: The Key Data Tracker.
Here’s what it looks like:
You can download a copy here:
The Key Data Tracker is really just a simple Excel worksheet, but it’s powerful in its simplicity because it forces you to gather the most important data of your business ON ONE PAGE.
Most businesses, to the extent they are aware of their key data, have it scattered in several different spreadsheets, reports, and online databases. Gathering it all in one place – on one page – allows you to have a snapshot of the health of your business, and whether or not you’re on track to achieving the results you want.
And gathering it and reviewing it WEEKLY allows you to avoid surprises at the end of a month or quarter or year.
Here are the steps involved in using The Key Data Tracker:
Feel free to adapt or amend The Key Data Tracker to suit your needs. The important thing is to know what your key data is, and then to track and review it weekly. That level of accountability can’t help but drive your business forward because numbers tell a story that words cannot.