EPISODE · Jun 15, 2021 · 14 MIN
Profit per X: The Metric That Connects Strategy to Cash | Shannon Susko
from Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy® · host Peter Boolkah
Send us Fan MailMost business owners know their revenue, margin and profit.Far fewer can identify the single measurable unit that drives the economic engine behind those numbers.In this episode, Peter Boolkah speaks with Shannon Byrne Susko, founder of Metronomics and author of 3HAG Way, about Profit per X: the measure that connects a company’s long-term strategy to the work its people perform every day.Drawing on Jim Collins’ Hedgehog Concept, Shannon explains why Profit per X should be identified near the beginning of the strategic-planning process—not left until the strategy has already been built.The conversation explores how a Key Function Flow Map can reveal the functions that create value, the non-financial “widgets” flowing through the business and the measures individual teams can genuinely influence.You’ll discover:What Profit per X really meansHow it relates to Jim Collins’ Hedgehog ConceptWhy an economic engine should be identified alongside the BHAGHow the Key Function Flow Map exposes the activities that make moneyWhy teams need controllable operational measures, not just financial outcomesHow Profit per X connects a BHAG to a three-year highly achievable goalWhy high-growth companies should reconsider the metric every 90 daysHow shared commercial clarity gives a team confidence to executeA strategy that only the founder understands remains dependent on the founder.When people can see how their own decisions and activities contribute to profit and cash, they can take greater ownership of performance without continually waiting for the owner to interpret the numbers.Learn more about Shannon and Metronomics:https://www.metronomics.com/shannon-byrne-suskoCONNECT WITH PETER BOOLKAHWebsite: https://www.boolkah.comLinkedIn: https://www.linkedin.com/in/boolkahInstagram: https://www.instagram.com/pboolkah/Facebook: https://www.facebook.com/BoolkahX: https://twitter.com/boolkahABOUT PETER BOOLKAHPeter Boolkah is a business coach, author and speaker who has spent more than 20 years helping business owners build stronger, more valuable businesses that do not depend on them for everything.He is the creator of The Hamster Wheel Trap® and author of Your Business Sucks: Build a Business That Works Without Destroying Your Life.Peter works with founders and leadership teams on the issues that ultimately determine whether a business creates freedom or becomes another job: leadership, founder dependency, people, profit, execution, scaling, exit readiness and enterprise value.His approach is direct, practical and built around one simple question:Do you own the business, or does the business own you?Learn more at https://www.boolkah.com
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Send us Fan Mail Most business owners know their revenue, margin and profit. Far fewer can identify the single measurable unit that drives the economic engine behind those numbers. In this episode, Peter Boolkah speaks with Shannon Byrne Susko, founder of Metronomics and author of 3HAG Way, about Profit per X: the measure that connects a company’s long-term strategy to the work its people perform every day. Drawing on Jim Collins’ Hedgehog Concept, Shannon explains why Profit per X should be ...
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Profit per X: The Metric That Connects Strategy to Cash | Shannon Susko
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