In this post-Halloween episode, Darin shares a lesson inspired by watching his kids sort their candy after trick-or-treating. What initially looked like chaos became clarity as they organized their candy into categories — keep, trade, and toss. He encourages listeners to apply the same approach to their business as the year winds down: dump out all tasks, projects, and commitments, then sort through them to clarify what matters most. Focus on revenue-moving priorities, delegate or automate the rest, and eliminate the busy work taking up mental and calendar space. Instead of over-planning and dragging tasks into the new year, take quick action now to gain momentum and finish strong.
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In this post-Halloween episode, Darin shares a lesson inspired by watching his kids sort their candy after trick-or-treating. What initially looked like chaos became clarity as they organized their candy into categories — keep, trade, and toss. He encourages listeners to apply the same approach to their business as the year winds down: dump out all tasks, projects, and commitments, then sort through them to clarify what matters most. Focus on revenue-moving priorities, delegate or automate the rest, and eliminate the busy work taking up mental and calendar space. Instead of over-planning and dragging tasks into the new year, take quick action now to gain momentum and finish strong.
396 Lead Indicators vs Lag Indicators? Why Lead Indicators Matter More in a Shifting Market | Daily Show Up
Show Up | At Home. During Work. In Life.
9 minutes 12 seconds
2 years ago
396 Lead Indicators vs Lag Indicators? Why Lead Indicators Matter More in a Shifting Market | Daily Show Up
In this episode of Daily Show Up, Darin explores the crucial difference between lead indicators and lag indicators in the context of an ever-shifting market. In an unpredictable world, understanding these metrics can make the difference between surviving and thriving.
Lead Indicators vs. Lag Indicators: Understanding the Basics
• Lag Indicators: These are the metrics we're most familiar with, such as profits, sales, and staff turnover. They're called "lag" indicators because they reflect past actions and outcomes.
• Lead Indicators: Unlike lag indicators, lead indicators focus on activities that influence future outcomes, like client engagement and pipeline activity. They offer real-time feedback, akin to a speedometer measuring your driving actions.
The Significance of Lead Indicators in Uncertain Economic Conditions
• Early Warning Signs: Lead indicators act as early warning signs in times of recession or market shifts. They allow you to identify and address issues before they impact your bottom line.
• Adaptive Strategy: Navigating bad market conditions isn't about mere survival; it's about adaptation and thriving. Lead indicators empower you to pivot faster, revamp approaches, and reduce risk.
• Resource Optimization: By tracking lead indicators, you can allocate your resources wisely. Invest more in channels or strategies that show higher customer engagement and quicker lead-to-sales conversions.
The Bottom Line: Don't Drive with a Rear-View Mirror
• Anticipate, Don't React: Focusing solely on lag indicators in a recession or market shift is like driving while looking in a rear-view mirror. You'll see what's behind you, but not the obstacles ahead. Start anticipating market changes by paying attention to lead indicators.
Show Up | At Home. During Work. In Life.
In this post-Halloween episode, Darin shares a lesson inspired by watching his kids sort their candy after trick-or-treating. What initially looked like chaos became clarity as they organized their candy into categories — keep, trade, and toss. He encourages listeners to apply the same approach to their business as the year winds down: dump out all tasks, projects, and commitments, then sort through them to clarify what matters most. Focus on revenue-moving priorities, delegate or automate the rest, and eliminate the busy work taking up mental and calendar space. Instead of over-planning and dragging tasks into the new year, take quick action now to gain momentum and finish strong.
