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Prime Resources PodcastAuthor: Business Development Resources, LLC (BDR)
Prime Resources Podcast Language: en Genres: Business, Entrepreneurship, Management Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Using Data to Make Better Business Decisions
Thursday, 21 August, 2025
In this episode of the Prime Resources podcast, Todd Neely, head coach at BDR, discusses the importance of using data to make informed business decisions. He emphasizes the need for contractors to understand key metrics such as breakeven points, leading indicators, and financial benchmarks. Todd shares strategies for tracking data effectively, the significance of timely financial statements, and how to use data to celebrate team successes. He also highlights the importance of transparency in sharing data with team members to foster engagement and drive results.Time Stamps00:00 Introduction to Data-Driven Decisions01:36 Understanding Key Metrics for Beginners04:25 Advanced Data Points for Successful Contractors09:45 Frequency of Data Review12:50 Benchmarking for Success16:27 The Role of Profit and Loss Statements20:57 Data Strategies for Business Expansion27:06 Success Stories and Pitfalls in Data Usage31:45 Final Thoughts on Data Transparency and Team Engagement
