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In today\\u2019s episode, I\\u2019m sharing the 3rd million dollar mistake.

Not knowing what I was doing in this area cost me thousands of dollars and sleepless nights.\\xa0

You don\\u2019t have to make that same mistake. I\\u2019m going to give you the exact steps you need to take in order to avoid it.

To sum it up, you need to be measuring your success in your business. Measuring success starts with having a balanced scorecard.

On a scorecard, you take the 5 core areas of your business and create systems, structures, and strategies around them.

These scorecards can be done monthly, quarterly, annually, or all of the above. You can focus in on one area of business where you need the most help or slowly work your way up to assessing all 5 areas.

Tune in to learn exactly how I create scorecards in my business and how to create them in yours.

In this episode, you will hear:

• How to create a financial performance scorecard.
• How to analyze your customer value performance.
• How to evaluate the internal processes of your business,
• What innovation performance is.
• How to assess employee performance and create a strong company culture.

Subscribe and Review

Please share this podcast with your friends and family. Our beliefs really do drive our behavior and you are born for more.

Have you subscribed to my podcast? If the answer is no, I\\u2019d love for you to subscribe. Live Life Rich is full of stories of business, some behind the scenes, and freaking amazing guests.

If you\\u2019re feeling really generous, I\\u2019d love for you to give me a review over on Apple Podcasts. Simply select \\u201cRatings and Reviews\\u201d and \\u201cWrite a Review\\u201d then a quick line with your favorite part of the episode. It only takes a second and it helps me out a ton!

If you really enjoyed this episode, we\'ve created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://marissanehlsen.com/llr049 to download it.

Supporting Resources:

https://marissanehlsen.com\\xa0

Facebook: https://www.facebook.com/marissa.nehlsen

Instagram: https://www.instagram.com/marissanehlsen/

Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/

Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/

7 Steps to Financial Freedom: https://marissanehlsen.com/7steps/

The E Myth by Michael E. Gerber: https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280

The Four Disciplines of Execution: https://www.amazon.com/Disciplines-Execution-Expanded-Achieving-Important/dp/198215697X/ref=pd_lpo_14_t_1/142-1058256-7909146?_encoding=UTF8&pd_rd_i=198215697X&pd_rd_r=12857c70-812a-40e5-a938-90d6d818f329&pd_rd_w=clokr&pd_rd_wg=1O9IJ&pf_rd_p=16b28406-aa34-451d-8a2e-b3930ada000c&pf_rd_r=2C01BBAMJVAZBMEBZHTA&psc=1&refRID=2C01BBAMJVAZBMEBZHTA

Get my free time management downloads: www.marissanehlsen.com/time

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Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.

He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.

Find out more at https://emeraldcitypro.com