Have you ever heard that saying, “if you fail to plan, you plan to fail”? Well, neglecting your numbers is pretty much the same thing.
I’m not talking about just your financials, either, though that is important. It’s also important to track things like subscriber counts, project progress, and incoming clients as well.
I hate big, complicated systems, so how I track my business progress
At the end of every month, I look back and record the following:
- my three goals for the previous month, and whether or not I reached them
- gross income, expenses, and net profit
- social media followers and email subscribers, and whether those numbers increased or decreased
- what products and services sold, and the revenue for each
- projects completed and anything else I want to celebrate
- inquiries, new clients, and returning clients
- what my intention was for the month, and how it affected my work
Sometimes I’ll add one or two more things, depending on what is going on in my business at the time.
It’s incredibly helpful to look back over the previous months and see how things have progressed. And though spreadsheets can be extremely helpful to track complicated info over time, I like to keep things as simple as possible.
I use good old-fashioned paper, and I include just enough to get a clear snapshot of my business health, and nothing more. I make a dashboard for each month, and keep past copies in my notebook to refer back to.
It’s easy. I log into my accounting program (I use and love Xero) to grab the financials and sales info, my social media accounts to see the number of followers, and my CRM to check client reports. I look back at my goals and intentions, and record how those went. Then I set my goals and intention for the upcoming month, and note that on a fresh worksheet.
That’s it! Easy peasy, and it takes me about 10-15 minutes, max.
I thought you might find this practice helpful too, so I’ve created a worksheet that will help you do your monthly review and easily keep track of your numbers. You can grab that in my Free Resource Library.
So grab a quiet corner and your favorite beverage (here’s mine!), and start showing your numbers some love.