KPIs for Fortune 500

097: Operating Like the Fortune 500 with Jon Reid

Jon Reid’s exposure to operations, auditing, and finance began during his tenure at General Electric. That experience serves as the cornerstone of his longevity as a C-suite executive and advisor. In this episode, Jon draws from his experience working with various Fortune 500 companies to give small business owners an operational model to aspire to. He explains why introverts make great COOs, why you should surround yourself with people smarter than you, and why small businesses must be creative when expanding since they can’t always access lines of credit the way larger enterprises can.

Special Guest: Jon Reid, Executive Managing Partner – K.L. Scott & Associates; Founder – Allen Reid Enterprises, LLC

Location:  Atlanta, GA  USA

Show Notes:

Jon’s List of Metrics Measured & Monitored by Most Fortune 500 (good for tracking on a one-page dashboard): 

  1. Net Profit
  2. Progress Toward Targets
  3. Revenues & Revenue Growth Rate
  4. Expenses
  5. Revenue Per Employee*
  6. Employee Engagement
  7. Profit Per Customer
  8. Order Fulfillment Cycle
  9. Project Completion Rate
  10. Downtime

*Not to be confused with employees as an expense.  This metric is similar to a Return on Investment (ROI) metric.

Related Episodes:

  • Episode 032: Running Your Business By the Numbers with Charles H. Green
  • Episode 035: Positioning Front Line Leadership for Success with Victoria Rodgers
  • Episode 050: Sparking Innovation & Sales Via Intrapreneurship with Carl E. Reid
  • Episode 096: Using Customer Intelligence to Improve Operations with Adam Hayes

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More About Guest, Jon Reid:
Jon Reid is the owner of Allen Reid Enterprises, LLC – a management consulting firm that specializes in corporate leadership, diversity training, skill and team building, small business development, and entrepreneur workshops. He is responsible for the daily operation of the business, which involves interacting closely with entrepreneurs and real estate investors.

Jon is also an Executive Partner at K.L. Scott & Associates and has over 25 years of combined corporate experience in the areas of business operations, regulatory compliance, Sarbanes-Oxley, project management, real estate, internal auditing and control systems, training, international procurement, and accounting.  He holds an MBA from Xavier University (Cincinnati, OH) and is a certified Project Management Professional (PMP).

 

More About Host, Alicia Butler Pierre:
Alicia Butler Pierre is the Founder & CEO of Equilibria, Inc. – a 15-year-old operations management consulting firm. Her career in operations began over 20 years ago while working in various chemical plants and oil refineries. She invented the Kasennu framework for business infrastructure and authored, Behind the Façade: How to Structure Company Operations for Sustainable Success.  It is the world’s first published book on business infrastructure for small businesses. Alicia hosts the weekly Business Infrastructure podcast with a global audience across 35 countries.

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