The Business Reboot Part 4: How You Can Start Making Better Decisions in Your Business

Are you using data to make informed and aligned decisions in your business? In today’s episode, we’re diving into how you can make data-driven decisions that improve your business, along with what types of data you should consider tracking!

This is part 4 of the four-part Business Reboot series:
Part 1 | Assess & Reflect: Setting the Foundation
Part 2 | Building Your Strategic Roadmap
Part 3 | 3 Ways to Boost Your Visibility

Listen to this episode now:

Apple Podcast | Spotify

Search for episode 106 of Called to Both on your favorite podcast player!

Data Informs Decisions for Success

Your ability to make aligned decisions for your business and for your life is one of the most important things you will ever do as an entrepreneur.

Maybe your asking…

  • Why does it matter what the numbers say?
  • What should I be tracking?
  • Where can I keep track of my business numbers?
  • How often should I revisit the numbers?

As someone who used to hate looking into data for their business, it’s ironic that it’s the first thing I look at when making decisions! I want to make sure that I’m making informed decisions that align not only with my business, but also what’s working for me.

3 Things to Weigh as You Make Aligned Business Decisions

Every entrepreneur’s time is different and we want to make data-driven decisions, balanced with the realities of our lives and our energy levels. Treat it like a 3 legged stool balanced on time, income, and energy. No one area can take priority while keeping balance—you need all 3 pieces of information to truly step into a confident decision, whether big or small.

Your time is limited, and you likely have set a cap on the number of hours you allow your business to take up.

Your income is another element of this balancing act, but as you can see it’s not the primary and singular element when we make decisions. Something may make you a good amount of money, but be taking up so much time that it is not something you can keep doing or scale in the future.

Your energy/interest in what you’re doing is the third leg of the stool. When deciding the direction to take your business, even in the small decisions, start to ask “how do I feel after doing this type of activity?” Do you feel energized? Drained? What’s something you do that gives you more energy? Are there things you know you want to do less of because they completely suck your excitement and creative energy away?

When you’re able to balance all three areas, you’ll find that you’re able to make aligned decisions that you won’t regret later.

Understanding Your Numbers

Now that you have the formula, it’s important to understand the numbers. Numbers keep you honest in what’s happening in your business. But what should you be tracking?

What do you want to grow? Track that.

Here are a few ideas of what you could track based on your goals:

  • What do you want to grow? Track that.
  • Do you want to grow your website visitors?
  • Do you want to grow you instagram?
  • Do you want to grow the number of podcasts you speak on?
  • What do you wish to grow?

Where is a good place I track all of this?

There are so many tools out there for tracking data, including Google sheets, Trello, Asana or Notion. I personally use a combination of Google sheets and Notion, but use what works for you (that you’ll actually look at).

I personally track my data on a monthly basis, but I recommend tracking on a quarterly basis at minimum.

If you’re just getting started on tracking data, I’ve created a free Notion template to help guide you and also walk you through data tracking. This will give you some ideas of things you can track in your business and also the questions I like to run through each month to review and reflect like we talked about in part 1 of the series.

If you’re enjoying the content we’re creating on the podcast and want to connect with others who are called to both, make sure you come join us in the Called to Both Facebook Group!

Mentioned in this Episode:

Part 1 | Assess & Reflect: Setting the Foundation

Part 2 | Building Your Strategic Roadmap

Part 3 | 3 Ways to Boost Your Visibility

Free Notion Template

Notion

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Connect with Joy:

Instagram: instagram.com/joyymichelle

Youtube: youtube.com/channel/UC-Ou6jRKxcjMrVMxWxLO_fQ

Facebook: facebook.com/joymichellephotography

Coach with Joy: joymichelle.co/coaching

If you decide to use any of the links above and buy through them, I’ll receive a small commission back. All of those affiliate income commissions really add up over time and help generate revenue to help support this podcast.

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