Understand the importance of key performance indicators with Larry Enright.
Understand the importance of key performance indicators with Larry Enright.

 

Summary:

In this week’s episode of the CEO Warrior Podcast, Mike Agugliaro interviews Larry Enright. Larry is the mind behind Sky Boss, a cloud based back end office software tailored specifically for service based businesses.

Main Questions Asked:

  • What is the dilemma you discovered when talking to service companies?
  • Explain the importance of key performance indicators?
  • How do you see technology is going to change how we communicate with our customers?
  • What are your thoughts on some of the more cutting edge technologies?
  • What did you learn about finding great opportunities?
  • How do you manage the entrepreneurial mindset?
  • What kind of tools do you use to manage your time?
  • What kinds of things would you tell business owners to stop doing?
  • What would you tell business owners to think about for the next few years?

 

 

Key Lessons Learned:

Building Systems

  • Software developers don’t really understand the tiny details that service companies need when it comes to software.
  • All service companies need systems, building them can be a challenge.
  • What worked before isn’t very likely to work today or in the future, you have to be able to evolve and adapt.
  • Delegate tasks to people you trust. Think about how you can get something done faster, cheaper, or more effectively.
  • Eliminate the tasks that are the biggest time wasters, your time is valuable. Treat it that way.

Metrics

  • Most companies are unaware of their key performance indicators.
  • Numbers are how you benchmark things and then improve.
  • What gets measured gets managed.
  • How can you know where your company is going without knowing the numbers that indicate your progress.

Technology Trends

  • New technology will change the way we interact considerably.
  • Technology will advance, the question is will you keep up.
  • Look at technology and ask yourself how you can incorporate it into your business.
  • Having a Facebook page is only the first step, you have to take action.
  • What used to be thought impossible is now commonplace, you can’t rule out everything when it comes to new technology.
  • Customer data has become more important to success.

Mindset

  • Mindset is more than setting a goal, you have to believe you will achieve it too.
  • Many people don’t know what being truly focuses actually means.
  • Your experiences up to the age of 16 determine your operating system for life.
  • You have to commit to change and embrace it. Don’t fear the technology, give it a chance because the upside is so high and the downside is so low.
  • Build the relationships and the money will come.
  • Entrepreneurs are builders.

Advice

  • Don’t read the whole book, stop and then implement.
  • Stop procrastinating.
  • Change is coming, be ready for it.
  • Prepare for the future.
  • Be a part of something larger than yourself.
  • Take massive action.

Final Tips

  • When writing an email, tell the person what you want them to do.
  • Don’t reject what you don’t understand.
  • Have patience, changing something like a business takes time.

Links To Resources Mentioned

Dropbox

Super Note

Evernote

skyboss.com

Thank you for listening! If you enjoyed this podcast, please subscribe and leave a 5-star rating and review in iTunes!

 

P.S. – Are you SERIOUS about no longer treading water and MOVE your business forward WARRIOR STYLE? Find out more about Mike’s Warrior FAST TRACK Academy!

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