How To Have Your Best Year Ever By Creating A Scoreboard For Your Studio

Brian Hood (0:00)

This is the Six Figure Home Studio Podcast, Episode 64

SPEAKER_2 (0:03)

You're listening to the Six Figure Home Studio Podcast. The number one resource for running a profitable home recording studio.

Brian Hood (0:23)

Now your hosts, Ryan Hood and Chris Graham.

Chris Graham (0:24)

Welcome back to another episode of The Six Figure Home Studio Podcast.

Brian Hood (0:25)

I am your host, Brian Hood. I'm here with my amazing, wonderful purple shirted co-host, Chris Graham. Chris, how you doing today, man?

Chris Graham (0:29)

Hey, everybody. Hey, Brian Hood. How's it going?

Brian Hood (0:32)

Man, you do that voice thing again where people just turn the podcast off immediately. You did that a couple weeks ago and we lost listeners.

Chris Graham (0:38)

Oh, sorry.

Brian Hood (0:39)

I'm just really bummed. I'm just joking. You didn't. Actually, fun fact, we had our first 5,000 download a week last week. So congratulations, Chris. First week of January, we had our first 5,000 download a week.

Chris Graham (0:50)

That's a lot. Yeah.

Brian Hood (0:52)

Yeah. I don't know what's happening, but I'm happy about it.

Chris Graham (0:54)

Yeah, guys, this is fun. Thanks for listening to us talk about nerd stuff. Appreciate it.

Brian Hood (0:59)

Yeah, seriously.

Chris and I have been talking a lot recently because it's...

So at the time we record this, it's beginning of the year for us. So we're always a little ahead of the curve of the podcast episode. So it's just something you got to focus on and deal with when it comes to when it airs versus where we record it. So Chris and I, we've been talking a lot about our future, our year ahead of us. What are we planning? What are our goals? What are we trying to do? And when we talk about this stuff, we always have these things come into mind of how does this translate directly to home studio owners, because a lot of the goals we have are with the podcast. But again, a lot of them are with our businesses, our studios, and other things we got going on as well. And one of the things that Chris and I talked about today that we really thought we should bring to the Six Figure Home Studio audience is creating some sort of scoreboard for your business. So you know that you are indeed making progress.

And there's a number of ways we can set that up. And we're going to talk about that today.

Chris Graham (1:46)

Yeah, there's a great quote by Mr. Peter Drucker. Am I saying his name right there?

Brian Hood (1:52)

Yeah, you're saying his name right. I think he's the one who did the quote. We're not sure.

Chris Graham (1:55)

Yeah, we're pretty sure.

Brian Hood (1:56)

It's fine. We don't fact-check anything on this podcast.

Chris Graham (1:59)

His quote is, What gets measured gets managed. And I believe it was on the last episode, we talked a lot about ostriches. Ostriches stick their head in the sand instead of dealing with the intense reality that is reality. And that we do this as home studio owners all the time, as business owners, that it's this sort of like, I just want to make art. I'm not going to really embrace what's actually happening in reality. And this is really important. The thing I want to talk about today, this is one of my favorite things in business. And without a doubt, one of the things that's helped my business the most, and it's this idea of a scoreboard. Imagine if you will, you're Chris Graham, and you are on the worst football team that has ever picked up a pigskin at Davis Middle School. See, in seventh grade, we didn't win a single game.

In eighth grade, we lost all of our games and then tied the last game of the season. And we were so pumped about tying this game, even though we had a shot at actually our first win. The reason we didn't win was because the scoreboard was broken.

We didn't know how much time was left on the clock, and we were unable to plan to get a touchdown with a couple seconds to go.

Now, not having a scoreboard, so what? Big deal. It's so important for our businesses to have a scoreboard that you can look at and know if you're winning or if you're losing. Is your business growing or is it shrinking? And so this Drucker quote, what gets measured gets managed, to apply that is to build yourself a scoreboard where you can glance at it and take your head out of the sand, aka the ostrich, and embrace reality and say, sweet, my business has grown over the course of the last month or my business has shrunk.