Cash Flow, Net Worth, Wins & Losses

We recently rolled out two new programs as part of the 8-Figure Franchisee:

Success Scorecard

These are game changers.

Nothing gives you more clarity and focus than writing down where you are at and where you want to go.

Members use this scorecard to set the course for the rest of the year.

We track big wins, business P&L, net worth, liquidity, personal cash flow, people/staffing goals, traffic/marketing goals, and margins/expense goals.

Plus, personal growth, accountability, and getting a 3-year BHAGHere’s what one of our members had to say:

I love this format because it forces me to think about where I am and where I want to go. It also made me realize that I have not been tracking my personal wealth and expenses like I used to.

 

Members share their scorecards with other members in a private group setting.

Where else can you get honest and authentic feedback about the most important parts of your business?

Sharing these numbers and goals may be extremely uncomfortable the first time but that’s okay.

The more you do it, the easier it gets. Chatting about your business cash flow, liquidity, and personal expenses becomes normal, just as you would talk about last week’s football game.

Watch this short video where I dive deeper into the success scorecard

Accountability Groups

Think of an accountability group as a personal board of directors.

A small group of 3 to 4 people who you meet with regularly to help keep you accountable.

You will share wins, challenges, best practices, and battle scars with your group. There is 100% confidentiality, so you can be authentic.

Every business owner needs a sounding board, even if you have a business partner.

A group of trusted, like-minded people, can help you get through the toughest times. They can help by asking questions that allow you to see alternative solutions. They can help lift you up when you are down.

Picture closing your biggest sale of the year — a $30,000 job. You are pumped up!

Can you share that win with someone? Most people don’t post online about how much money they are making.

It would come across weird to brag to your W2 friends & family.

But other entrepreneur friends? They would love to hear about your big wins!

Next Steps

The 8-Figure Franchisee helps members build an eight-figure business & life.

As of today, we have 35 members who range in sales from $100M to those just getting started.

We’ve opened up a few new membership seats for April.

Please reach out to Chris Halstead to join this month!

Cheers!

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