The Way To Measure Your Productivity As A Founder
How much value did you create today? What about yesterday?
Want to know the best way to score yourself?
You need to learn the Entrepreneurial Scorecard (all credit goes to Todd Herman, creator of the 90 Day Year).
This framework is the only one I’ve found that allows founders to self evaluate their daily activities and accurately measure how those tasks measure up with your business’s growth.
Getting REAL about the true value of how you’re spending your time can be a humbling and even cringe-worthy experience.
Kinda like taking a blue light to the honeymoon suite of a Motel 6.
But stick with it.
It’s also the only way to gain breakthrough insights, and make the big time course corrections that spark massive growth this year.
Don’t miss the opportunity to really assess your impact.
(and give yourself a well-earned “raise” while you’re at it)
Watch my quick breakdown on Todd Herman’s Entrepreneurial Scorecard.
At a high level, here’s how the scorecard works:
- Create 4 buckets of activities: Admin, Work, Mgmt, Strategy
- Measure each with a monetary value: $10, $100, $500, $5000
- Focus on moving your way up the value chain (working ON vs. IN)
Measure each activity for what it is, then tally up your time for the day to get your daily value creation score.
So… what’s your score for yesterday?
Did you crush it at $1000+ day, or did you pull in a $100 dollar day?
That’s the question to answer then leave a comment.
If you spend all your time on $10 dollar tasks then you have a huge opportunity to build leverage by pulling in part time remote contract workers.
Start with the low value stuff, then work your way up.
Most fortune 500 CEO’s spend 90% of their time thinking strategically.
There’s a reason for that.
Dan Martell has advised more startups than his hometown has people and teaches startup founders like you how to scale. (Get the free 3 videos to grow your business here.) He previously created, raised venture funding for and successfully exited two tech startups: Flowtown and Clarity.fm. You should follow him on twitter@danmartell for tweets that are actually awesome.