This podcast episode discusses five actionable employee systems that contribute to significant business growth. The speakers, Nick and Matthew Larson (an eight-figure entrepreneur), share practical strategies implemented in their companies, focusing on project management, employee hiring and training, operations, and accountability. The goal is to provide listeners with readily applicable methods to improve their businesses.
Robust Project Management System: Implementing and adhering to a project management system (e.g., Trello, ClickUp) is crucial, even designating a "champion" to ensure usage and accountability. A simple system, even a shared note folder, can be more effective than a complex, unused one.
Daily Financial Tracking: Manual daily bookkeeping, though seemingly time-consuming (15 minutes), provides deep financial understanding and encourages daily reflection on key performance indicators (KPIs), particularly financial ones. This leads to better financial awareness and potential cost savings.
Clear Employee Standards and Accountability: Establishing clear employee standards (in contracts) regarding task completion, deadlines, and communication of roadblocks increases accountability. This includes using a project management tool consistently and providing regular progress updates.
Competitor Tracking for Motivation: Daily competitor tracking (e.g., monitoring video uploads) provides external motivation, encouraging increased productivity and output. This approach focuses on consistently producing high-quality content and improving personal performance.
Identifying and Leveraging Activation Points: Understanding "activation points" in the customer journey – actions that increase the likelihood of a lead becoming a customer – allows for the creation of a more effective sales funnel. By creating a series of smaller steps, businesses can guide potential customers towards conversion, even with cold traffic.
