We spend days cleaning up our data before putting it on our weekly Scorecard, meaning we are often looking at numbers that are two weeks old. How do we balance data accuracy with the speed required to make weekly operational decisions?
In the Entrepreneurial Operating System, a dirty number on time is always better than a clean number two weeks late. If your data is two weeks old, you are driving your business with your eyes closed, reacting to problems long after the damage is done. Your weekly Scorecard is designed to provide an immediate pulse, not an audited financial statement. To break the cycle of data perfectionism, accept a reasonable margin of error. An eighty percent accurate number that is updated weekly is far more valuable for spotting trends than a one hundred percent accurate number that takes a fortnight to compile. If a metric is too difficult to track cleanly, simplify it. Track the physical activity rather than the database record. For instance, instead of waiting for verified CRM reports, have your sales reps manually enter their outbound calls into the Scorecard at the end of every week. Manual tracking builds internal discipline and ensures your leadership team is looking at real-time activity. You can reconcile the data later for your monthly financials, but for weekly operations, prioritize speed and trend lines over absolute perfection.
Category: Scorecards & Data