Priorities Should Lead to Outcomes
I’ve been recording new videos and building downloadable tools for CEO Foundations around prioritization and measurement. (This is a private community for those founders ready to transition from Technician -> CEO) But, as I worked through some of it, I realized this could be useful to many of you. Outcomes = the goals we set for whatever we want to achieve (in business, life, etc) Priorities = those activities we focus on to realize our outcomes Both can be measured and measuring will help us identify what works and what doesn't (working smarter means doing more of what works and less of what doesn't). Outcomes are measured by lagging indicators = Ie. revenue, gross margin, churn/retention, etc. Priorities are measured by leading indicators = # of sales calls books, close rate, social media engagement, etc. How you move the needle on your business is through clearly defining the outcomes you want to create and the priorities to make it happen...and then measuring the results. If our priorities for the month don't produce positive results in our leading indicators, we aren't likely to see positive results in our lagging ones either. So, it's time to pivot and change. This doesn't mean we change quickly or start making use of spaghetti noodle strategies. It means we make strategic shifts to find what works. This is how CEO's operate. This is how you start to work smarter, not harder. And it's one of the most difficult things to do when you are drinking by a fire hose as a start up founder OR as the technician ready to shift into the role of CEO. So, what outcome are you focused on for the rest of this quarter? What activities are you prioritizing to get you there? And how are you tracking both?