Rhythm Blog | Jessica Wishart

by Patrick Thean and the Rhythm Team

How to Make Data-Driven Adjustments to Hit Your KPIs [Example]

Jessica Wishart Thu, Aug 16, 2018 @ 11:00 AM

For many CEOs and executive leaders, the idea of having a system in place to allow you to see where you are off-track with the company’s goals or heading for a train-wreck so you can make adjustments before it is too late sounds appealing. Having a dashboard where you track KPIs is a great way to accomplish this, but in order to make the right adjustments to hit your goals, you need to follow a process to set yourself up for success—having the dashboard isn’t enough.

Simply seeing that the numbers aren’t coming in the way you had hoped won’t automatically fix the problem. Once your dashboards alert you to a problem or opportunity, you have to do the work necessary to course-correct and hit your goal. You need to be clear about your goal; you need to identify the levers that could potentially help you get there; and you need to gather the necessary data, have the right discussions, and make adjustments along the way.

BHAG Basics: How to Get Started [Infographic]

Jessica Wishart Thu, Aug 9, 2018 @ 11:00 AM

If the idea of coming up with a Big, Hairy, Audacious Goal (BHAG) for your business seems a bit overwhelming, that's okay. After all, it is an important piece of your company's strategy that will be used to help guide strategic decision making, shape your company's culture, and drive innovation and engagement. Each of your company's 3-5 year growth strategies and Annual Plans should anchor back to your BHAG and get you closer to achieving it. It's not something you want to rush - you have to spend the time necessary to get it right.

Download a free BHAG guide to help you align your company around a single  strategic vision.

3 Pitfalls to Avoid When Developing Your BHAG

Jessica Wishart Wed, Aug 1, 2018 @ 09:30 AM

A key piece of your long-term strategy is your 10-25 year visionary stretch goal, what Jim Collins calls your Big Hairy Audacious Goal (BHAG). Your BHAG is so important because it helps you grow with purpose. It should provide guidance and help you and everyone else in your company choose between the opportunities that arise as you continue to grow.  

9 Reasons You’ll Love Visiting Charlotte [Infographic]

Jessica Wishart Tue, Jul 31, 2018 @ 11:00 AM

At Rhythm Systems, we are so excited to be hosting our annual Breakthrough Conference right here in our hometown! From the beautiful weather to the delicious food to the unique neighborhoods to the warm people, we love Charlotte, NC, and we think you'll love it, too.

Of course, we hope you'll come to our conference to network with other middle market leaders, learn from our world-class subject matter experts and keynote speakers, work on solving business problems with your team, learn how to make the most out of the Rhythm software, and more...but while you're here, we also hope you enjoy our city!

Why You Can't Afford to Skip Your Vacation This Year [Infographic]

Jessica Wishart Fri, Jul 27, 2018 @ 11:00 AM

Around this time every year, our clients in Europe take about a month off - and these are serious people with serious companies. Here in the U.S., this sounds nuts - amazing, but also nuts. A whole month off! But, again and again, the research shows that our European friends understand something about productivity that we don't.

A few stats for your consideration: According to CNBC, "Nine of the top 10 most productive countries in the OECD in 2015, measured by GDP per hour worked, were in Europe. The United States ranked sixth." This article also cites a study which found that "workers who took 11 or more vacation days were more likely to have received a raise or a bonus in the previous three years than workers who took 10 or fewer days."

Daily Huddle Template and Examples from Real Companies Just Like Yours

Jessica Wishart Thu, Jul 12, 2018 @ 11:00 AM

The daily huddle meeting has been common practice for many companies for ages. No matter your industry (manufacturing, healthcare, technology, etc.) or size, a daily sync-up can be a powerful tool to increase alignment, communication, and productivity for your teams. According to an article in Inc magazine, huddles "keep companies focused on the same strategic goals, ensure timely answers to pressing questions, and enforce accountability because everyone knows what everyone else is up to."

In theory, implementing a daily meeting with your team sounds simple. Establish some ground rules and stick to them. Typically, the rules include no problem-solving or rabbit holes, start on time, end on time (no more than 15 minutes). Keeping this meeting short and sweet is essential to its effectiveness. Include the right people, and if your organization is larger or more complex, cascade this habit to your departmental teams. Customize a simple agenda so you are sharing only the essential information.

5 Strategies for Better Team Meetings [Infographic]

Jessica Wishart Thu, Jul 5, 2018 @ 11:00 AM

I recently watched a TED Talk from David Grady called "How to save the world (or at least yourself) from bad meetings." It's hilarious, and it hits on some real pain points that we all experience with poorly run meetings that suck our time and energy as well as prevent us from getting the real work done. Grady says, "Everyday, we allow our coworkers, who are otherwise very, very nice people, to steal from us...I'm talking about time."

Do you go back to your desk and think, "Man, I wish I had those two hours of my life back?" Do your weekly staff meetings feel like pulling teeth? If you or your team members can relate to the video linked above, then it is time to shake up your weekly staff meetings.

9 Steps to a New Revenue Growth Strategy [Infographic]

Jessica Wishart Tue, Jun 19, 2018 @ 11:00 AM

Many entrepreneurs romanticize about striking it big with a brilliant business idea. We've all seen that moment in movies where inspiration strikes in the middle of the night, and some innovative new product or idea launches a company to greatness.  In reality, you can't wait around for lightning to strike to keep your company growing. As Patrick Thean shares in his book Rhythm, growth strategies "do not come from eureka moments. They are developed over time..."

Even if you're not trying to be the next Apple, companies in today's competitive landscape have to be disciplined about anticipating what's next and how to generate revenue in the future. If you aren't thinking about your next growth idea and actively working on it in your Annual Planning sessions, you're already behind. If you want a continuous supply of revenue-generating strategies, you need to spend time thinking strategically, and you need a process for creating and implementing your growth strategies.

Time for a Meeting Makeover: Transform Your Weekly Staff Meeting [Infographic]

Jessica Wishart Thu, Jun 14, 2018 @ 11:00 AM

Weekly Team Meetings…we’ve all got them. Conventional business wisdom has proclaimed since the beginning of time that the weekly staff meeting is a necessary evil. Lately, ditching the time you spend in meetings is a popular productivity hack, but without the regular time to collaborate with your team, you miss valuable problem-solving time and run the risk of everyone working in a silo—potentially on the wrong things.

How to Create a Leading Indicator KPI

Jessica Wishart Wed, Jun 6, 2018 @ 11:00 AM

When thinking about the most important numbers to measure in your business, most of our clients have no trouble coming up with a list of results they want to achieve. The usual suspects are Revenue, Profit, EBDITA, # of customers, employees, or locations, etc. These Result Indicator KPIs are important - you need to think about the results you want to achieve in your business and set those targets. But, don’t stop there. For your key performance indicators to truly help you solve business problems and reach your goals, you also need to spend time developing Leading Indicator KPIs.