In this final module, you’ll complete your Business Growth Plan with your metrics and set deadlines for progress. You’ll also have the opportunity to review the course and plan future action.
Key Metrics for Your Business Growth Plan
Keeping track of progress is vital to ensure healthy business growth. Having metrics in place allows you to measure your progress towards your goals and make sure you’re on track to achieve them.
There are some key metrics to track, including:
- Revenue
- Profit
- Conversion rates
- Number of clients
- Number of sales
Once you have gathered data, you can assess the success of a particular project and make changes if necessary.
Milestones and Deadlines
During this course, you’ve probably pinpointed several areas for change to support your business growth. You can’t achieve all this in a few weeks, or even a few  months, so be patient. Don’t try to take on too many changes at once, or you risk overwhelm and possible burnout. Instead, you’ll want to set strategic and attainable deadlines.
Strategic deadlines are designed to help you move closer to your 12-month goals, and milestones are the stepping stones to get you there.
Be specific about the targets you want to achieve and assign deadlines for getting them done. Here’s an example:
- You plan to set up a webinar funnel to sell more online courses
- Your deadline is your launch date for the first webinar
- Your milestones are the steps (with dates) you need to follow to get to launch day.
When you set specific targets, you can quickly measure your success since it’s easy to see if you’ve achieved them or not.
What You Learned
This is a course you can refer back to time and time again as you move through your business growth. It’s important to reflect on what you’ve learned, so answer these questions and complete the action plan in your Action Guide:
- What have you learned about creating a Business Growth Plan?
- What difficulties have you encountered?
- How do you plan to address these?
- What further steps can you take to become comfortable with the process?
Key Takeaways:
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Use metrics to track progress and measure success.
- Assign specific deadlines to tasks to ensure you get them done
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Action Steps:
- Quick win: Complete your Business Growth Plan with the final elements of Key Metrics and Milestones & Deadlines using the template in your Action Guide.
- Reflect on what you’ve learned by answering the questions listed in your Action Guide.
- Review the course thoroughly and use the action plan in the Action Guide to record your goals and what needs to happen next.