Top 10 Indicators of a Healthy Business

I typically find my clients in one of two camps. Either they avoid looking at metrics OR they look at every possible piece of data available. Here at C-Suite Boutique, we prefer to take a middle approach, looking at only the key pieces of data you need as a leader to give you a snapshot of your business without wasting precious time and energy. This week’s episode 104 of Female Founders Breaking Boundaries is about the top 10 metrics to pay attention to in your business!

Have you ever felt like you were WAY too busy, stressed out, burnt out, and overwhelmed, so you were advised to delegate some tasks to take things off your plate and free up some time? Except, maybe it didn't work. If getting out of the day-to-day in your business was as simple as hiring more people, then why are you still feeling overwhelmed and burned out? You are not alone! Sometimes, simply delegating tasks doesn’t work and instead shifts your workload from “doing” to “managing.”

I invite you to use the exercise that our own C-Suite clients use to take the first step in turning your team into a well-oiled, self-managed machine- and get you out of the delegation catch-22. Download the exercise here to get started!

In this episode of Female Founders Breaking Boundaries, I’m sharing the top metrics you should be focusing on as a leader that, at a glance, are going to tell you the direction your business is headed in. Some of the things I cover in this episode are:

• Celebrating Karin Andrea Stephan, COO and Co-Founder of the AI-powered mental health platform, Earkick for spreading the message that we don’t have to be young or sacrifice our relationships and health in order to become founders.
• The 10 metrics you as the leader should be focusing on to gauge the health of your business.
• Tips for tracking each metric and what the data can tell you about your business. 
• How to course correct if these metrics are indicating your business is headed in a negative direction.
• What’s on my mind: Finding a way to manage all of the communication I receive from multiple channels throughout the day that expect a response. 

Thanks for listening! Be sure to tune in to all the episodes to receive tons of tools, advice, resources, support, and encouragement that resonates with the modern businesswoman and to hear even more about the points outlined above.

If you enjoyed this episode, take a screenshot of the episode to share and tag me!  And don’t forget to follow, rate, and review the podcast and tell me your key takeaways!

Learn more about Female Founders Breaking Boundaries and Casey at https://c-suiteboutique.com/podcast/ 

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LINKS MENTIONED IN THIS EPISODE:

Earkick

We Funder- Invest in Earkick

Karin Andrea Stephan LinkedIn

Chapters

• 0:00 Top 10 Indicators of a Healthy Business
• 1:53 Celebrating Karin Andrea, COO and Co-Founder of the AI-powered mental health platform, Earkick.
• 7:45 Measuring profit, not just revenue, to evaluate the health of the business.
• 14:04 Customer lifetime value is a key indicator of healthy business and goes on to impact the marketing budget.
• 18:57 Regular check-ins during team meetings help remind individuals of their goals and identify any issues or areas for support.
• 29:04 Analyzing conversion rates can help identify areas for improvement in the sales pipeline, such as the decision-making process and stages of conversion.
• 35:27 Understanding employee turnover can indicate leadership, expectations, and job description quality.
• 41:01 What’s on my mind outside of business this week.