30. Why You Need a Dashboard
1. BLUF
Your Dashboard helps you manage, measure, & mature your Strategy.
Over 50% of businesses fail within the first five years.
If you don’t know where you’re going any road will take you there.
2. The Strategy Made Simple Method
This article is the 6th in a series exploring the Strategy Made Simple Method through the lens of a lemonade stand.
If you haven’t already, check out previous articles here.
Today, we will develop the lemonade stand’s Dashboard.
Dashboard
Your Dashboard measures your progress towards achieving your Strategy.
It is a tool for you to manage, measure, and mature.
You capture status towards each Priority and associated goal.
To do this, you need qualitative or quantitative metrics with defined thresholds.
A simple red, yellow, green construct works.
The more specific, actionable, and time-bound your goals, the easier it is to write your metrics.
Pulling It All Together
Our lemonade stand’s Dashboard?
3. Where the Rubber Meets the Road(map)
My goal is to make strategy simple.
To round out the Lemonade Stand series, we’ll talk about Implementation next week.
It’s where the rubber meets the road(map).
4. Application
So, what does it look like for your business?
What does your dashboard look like?
How are you managing, measuring, and maturing your strategy?
What is one thing you can do today to drive greater clarity?
I help small technology and professional services businesses scale and grow.
If you want to break through to the next level in your business, drop me a message, and we'll arrange a 15-min call to see if I can help.
To your success,
~Susan
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