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Drive Your Progress with a Dashboard

In our June newsletter we looked at how important it is to close off each month in preparation for the next. This really helps you to keep track of your progress throughout the year, without getting to December and wondering where the last 12 months went. Click here to read that issue again, or if you missed it.

Reviewing your progress on a regular basis is vital if you’re going to grow your business or develop your career. But what’s the best way to do this? Read on to find out!

How do you measure the performance of your business or your job role? Create a dashboard! This is a collection of a handful of measures that accurately assess your activity and success. Your dashboard doesn’t need to look like the cockpit of a 747, but more like the dashboard of a standard car – something you can glance at, on a regular basis, to make sure that you’re up to speed and keeping on track.

Your dashboard is the place to measure the key elements of your business or your job and then use visuals or graphics, so that you can easily see what’s going on. For instance, if you measure the number of enquiries you receive and how many you’ve converted into sales, you could create a graphic to show your Sales Funnel and the number of prospects you have at each stage. At a glance, you can see the number of potential clients at each level and which areas need to be worked on. Bar charts and graphs also work really well to display the numbers that you’re measuring.

How often should you update your dashboard?

You can update your dashboard on a weekly or monthly basis, as we discussed last month. The best thing to do is to align your dashboard to the level you're at in the business and how you are measured. Do you have weekly, monthly or quarterly targets? As you progress up the business, you'll have fewer target points throughout the year. When you’re lower down in an organisation, being motivated by knowing if you'd had a good day is great and you can create a weekly dashboard. If you're at the top of the business, you need to be motivated by your quarterly progress as you won't get daily recognition and a quarterly dashboard is ideal.

What should you do with your dashboard?

Once you’ve created your dashboard, you can share it with your team, to help inspire them and focus them on what really needs to be done this month.

You can also share your dashboard with your boss, but be careful when you do. Your boss could want to know why you've spent time doing this rather than doing your work! Instead, do your measurements, create your dashboard and then show it to your boss so that they can see how you are managing your own performance. Do it for yourself, rather than for your boss!