Foresight in Business: Leading vs. Lagging Indicators- EP147
Release Date: 10/16/2024
Skills vs. Attitude: What Really Makes a Great Hire?
The Overlap Podcast
Are you prioritizing skills over attitude in your hiring process? Discover why focusing on a candidate's mindset can transform your workplace culture and drive long-term success. What You'll Learn: The impact of hiring for attitude versus skills on employee retention and performance. Strategies to identify candidates with the right mindset during the interview process. Real-world examples of companies thriving by prioritizing attitude in their recruitment. Key Topics Discussed: The pitfalls of emphasizing technical skills over cultural fit. Techniques for assessing a candidate's...
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How to Build a Culture of Critical Thinking: Lessons from Business, Parenting, and Personal Growth
The Overlap Podcast
Are you struggling to foster critical thinking in your workplace or at home? In this episode of The Overlap Podcast, Sid and Keith dive deep into the art of cultivating a culture that values intellectual honesty, accountability, and creative problem-solving. Learn how the lessons from business leadership can overlap with parenting, personal growth, and community building to create lasting success. What You'll Learn: The importance of modeling critical thinking in both business and parenting Why allowing mistakes leads to growth and innovation How data-driven decisions can override...
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The Overlooked Heroes: Recognizing Your Best People in Business and Life
The Overlap Podcast
Are you giving enough credit to the people who make everything run smoothly? We spend so much time focusing on problems—rooting out underperformers and fixing what’s broken—but what about those who show up, work hard, and never make a fuss? In this episode of The Overlap Podcast, Sid and Keith challenge leaders, business owners, and parents to rethink how they appreciate top performers. Because the truth is, they might not know how much they matter to you—unless you tell them. What You’ll Learn in This Episode: ✅ The crucial role of recognition in leadership and why it’s often...
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Unlock Productivity: Master Time Blocking, Crispy Documents, and AI Tools
The Overlap Podcast
Are you struggling to stay on track with your goals? In this episode, we dive into tools and strategies that help small business owners, entrepreneurs, and professionals streamline their workday and achieve meaningful results. From time-blocking methods to the power of AI tools, learn how to structure your day for success and boost productivity in all areas of your life. What You’ll Learn: The benefits of using tools like Motion and Apple Notes to organize tasks and streamline workflows. How "Crispy Documents" can transform your meetings and improve communication. The difference between...
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Unlocking Business Growth: Highlights From Overlap’s Best Episodes
The Overlap Podcast
What’s the secret to scaling your business while maintaining clarity and intentionality? In this special “best of” episode, Sid and Keith revisit some of the most impactful lessons from Overlap’s top episodes, packed with financial strategies, leadership insights, and practical advice for business owners. Get ready to laugh, learn, and take actionable steps to elevate your personal and professional growth. What You’ll Learn: How to recalibrate your business finances and cut overhead effectively. The importance of focusing on core strengths to achieve greater...
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The Power of Conversations: Transforming Self-Talk and Leadership
The Overlap Podcast
Are the conversations you’re having with yourself holding you back? In this episode of The Overlap Podcast, Sid Sexton and Keith Glines dive into how the stories we tell ourselves shape our lives, leadership, and relationships. Learn how to break free from negative self-talk, embrace honest dialogue, and step into your potential. What You'll Learn How self-talk influences your personal and professional life. Practical tips for identifying and challenging limiting beliefs. The importance of clarity in conversations with yourself and others. Strategies to embrace self-awareness and...
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Spotting and Managing C Players: The Key to Building a High-Performing Team
The Overlap Podcast
Are you holding onto team members who are hindering your business's growth? In this episode of The Overlap Podcast, we tackle the challenge of identifying and managing C players—team members who consistently fall short of expectations despite their good intentions. How do you recognize them early? When is it time to intervene or let go? And how can these decisions shape your team culture and overall success? Packed with actionable advice, real-life examples, and leadership insights, this episode is your go-to guide for building a team that thrives. Don’t let C players drag down your A...
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Thrive in 2025: Vision, Leadership, and Setting the Tone for a Successful New Year
The Overlap Podcast
Are you ready to thrive in 2025? As the new year begins, it’s time to shift gears, reflect on past lessons, and set actionable goals that inspire growth in every area of your life. In this episode of The Overlap Podcast, we explore how vision, self-awareness, and leadership drive success for individuals, teams, and businesses. Packed with practical advice, insights from personal experience, and a touch of humor, this episode is your ultimate guide to starting the year with purpose and momentum. Join us to uncover strategies that elevate your business, relationships, and mindset. What...
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Closing the Year Strong: Annual Reviews, Vision Summits, and Planning for Success
The Overlap Podcast
Are you ready to finish the year with purpose and set the stage for a successful new year? In this episode of The Overlap Podcast, we dive into the power of end-of-year reviews and vision summits for small business leaders and families alike. Discover how recalibration and intentional reflection can transform your goals, leadership, and life. Learn actionable strategies for effective annual meetings, from creating a clear agenda to fostering meaningful conversations. Whether you're a business owner, team leader, or someone seeking personal growth, this episode is packed with insights to help...
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To Be Unclear Is to Be Unkind: Navigating Tough Conversations
The Overlap Podcast
Episode Description: In this week’s episode of The Overlap Podcast, hosts Sid and Keith delve into the art of navigating tough conversations—whether in business, family, or personal growth. Drawing from real-world examples and personal stories, they explore how avoiding critical discussions can lead to misunderstandings, strained relationships, and missed opportunities for growth. Key takeaways include: Recognizing when a hard conversation is necessary. Practical steps to approach these conversations with humility and purpose. Why setting clear standards is vital for team alignment. The...
info_outlineEpisode Overview: In this insightful episode, we delve into the critical but often misunderstood realm of performance metrics in business: leading and lagging indicators. We explore why scorecards are pivotal yet challenging to implement in companies, particularly those using the Entrepreneurial Operating System (EOS) or similar frameworks. Join us as we discuss how to shift focus from merely tracking results to understanding and measuring the activities that lead to those outcomes.
Key Points:
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Introduction to Indicators:
- Definition of leading indicators: Measures that predict future performance. They are proactive and action-oriented.
- Definition of lagging indicators: Outcomes that follow the events, often used to confirm patterns or results but not to predict them.
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The Difficulty with Scorecards:
- Why setting up an effective scorecard is one of the toughest tasks in business management.
- The common mistake of focusing solely on results (lagging indicators) without considering what drives these results.
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Leading Indicators: The Path to Results:
- Discussion on how businesses can identify activities (leading indicators) that directly influence desired outcomes.
- Examples: Customer engagement activities leading to sales, or employee training hours leading to improved service quality.
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The Weight Loss Analogy:
- Comparing business metrics to personal health goals: Just like losing weight involves more than just stepping on a scale (lagging indicator), it requires monitoring diet and exercise (leading indicators).
- How this analogy can help managers rethink their approach to business metrics.
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Looking Into the Future:
- The importance of predictive analytics in business.
- How companies can use leading indicators to forecast and prepare for future trends or downturns.
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Implementing Leading Indicators:
- Steps to integrate leading indicators into your business strategy.
- Case studies or hypothetical scenarios where focusing on leading indicators turned around business performance.
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Wrap-Up:
- Recap of the importance of looking forward with leading indicators, rather than backward with lagging ones.
- Encouragement for listeners to review their current scorecards and consider adjustments.
Call to Action:
- Subscribe to the podcast for more insights on business strategy and performance management.
- Share your own experiences with leading vs. lagging indicators in the comments or via social media.
This episode promises not only to educate but also to transform how leaders perceive and utilize metrics in steering their companies towards success. Tune in to shift your perspective from what has happened to what could happen with the right focus on leading indicators.
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