Building Blocks: Dreams/Systems Flashcards

1
Q

Define Dream

A

What you are aiming to get for yourself and family.

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2
Q

Define system

A

Protocols and analytics

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3
Q

Key to developing dreams.

A

Name the reward when you create the goal. Picture what your life will look like when you achieve success.

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4
Q

How do you make your dreams/goals visual?

A
  • Vision board
  • Signs in the Office
  • Your email signature
  • Screen saver
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5
Q

How to cast the dream for your team

A

Choose one word to be the theme of the year.
How will you generate excitement around that word?
How will you get the team fired up?
How will you keep the team fired up?

Think of clips, videos, movies, poems, a song, etc. that will inspire your word as the theme.
My word is Execution(Get things done)
A movie to inspire me to get things done Limitless.

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6
Q

Five reasons to implement systems.

A
  1. What is measured can be scaled and
    improved.
  2. You will know where and to whom to direct
    your energy and expertise.
  3. You can stop micromanaging and start to
    empower your employees/team.
  4. Your employees/team, especially your top
    performers, won’t be able to deceive you with
    bluster.
  5. You will simultaneously become more effective
    and have more freedom.
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7
Q

What is the formula for predicatable data?

A

Right data + right team + right strategies = predicatable data

What is the right data in your business?

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8
Q

What must we know about having a system for analytics?

A

Having a system for analytics is pivotal when creating a business plan.
If you are serious about business planning you must get better at tracking data.

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9
Q

Strategies to consider

A

1.Strategies to balance product demand (half-price Monday pizza night). Decrease prices during slow times, and increase prices during peak times.
2. Strategies to generate sales (contests for slow months/seasons)
3. Strategies to drive your team (incentive campaigns to prevent holiday drop-off). Base incentives around the right data!
4. What will you measure? How will you measure?
5. What’s your strategy for analytics in 2023?
6. Where do you need to invest?
7. What strategies worked or are working that can be repeated.

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10
Q

How should you develop a strategy for 2023 KPI’s?

A
  1. Establish clear KPI’s for the company
  2. Have key leaders provide KPI’s for their departments
  3. Ensure KPI’s align with the company’s one word and overall
    goals for 2023 (Some KPI’s may not be the right ones at this phase but maybe later on)
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11
Q

What are some building block examples for dreams and systems?

A
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