Podcast Episode 031: “Do the Numbers” exercise


In episode 031 of the Business Broken to Smokin’ Podcast:
Lodestone True North’s Head Coach Mark Whitmore and our guest Tim Campbell CVO of Dearman Moving & Storage
https://dearmanmoving.com/ discuss the “Do the Numbers” exercise. Tips for facilitating a leadership team session in which you look at the big numbers for the past year.

2:40 Tim’s take away on “Do the Numbers”
5:43: Dave Ramsey quote – “Right after I do something desperate, I do something stupid.” (Don’t act out of desperation)
8:20 Why should we do “Do The Numbers“ exercise?
8:30 We’re bad at summarizing
9:50 Data deaf or data drunk
10:35 Inability to see or measure forward progress
16:30 A one page story, not a report
24:35 Shoutout to Preston True! The 100 pennies exercise
27:40 How to do this exercise, hands on. Gather some of the macro elements of your business
33:30 Productivity equation: Revenue divided by expenses = productivity number
37:30 People / Culture / Competition / Vendors
41:50 Shoutout to Heath Hostettler
42:49 Story about Marcus Luttrell
47:45 Book reference: The Tipping Point by Malcolm Gladwell

49:00 What gets measured gets done
1:04:10 Process
1:06:40 Systems
1:08:30 Strategy / vision
1:16:30 Building a template
1:21:10 Some hurdles:
1-Let’s have an annual reset
2-Let’s do some good work while we do this reset
3-How are we going to change?

Website: www.lodestonetruenorth.com
Website: www.bigeasydesk.com
LinkedIn Mark: https://www.linkedin.com/in/mark-whitmore-lodestone/
LinkedIn Lodestone: https://www.linkedin.com/company/lodestone-true-north
Lodestone Courses on Thinkific: lodestone.thinkific.com/

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Mark Whitmore

Mark Whitmore

Mark Whitmore is the Head Coach and founder of Lodestone True North, a dynamic firm of experienced business coaches who help entrepreneurs and managers get to their Land of Awesome.

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