Episode 11: Execution – Key Performance Indicators
Most business track key performance indicators in their businesses to determine their success. These are usually results of past work such as total sales volume, EBITDA, bottom line, number of products produced, customer satisfaction ratings, etc. These are all Lag Indicators.
In order to improve results, and execute goals, it is highly beneficial to establish Lead Indicators. Lead Indicators are daily and weekly habits, actions, and activities that if done consistently lead to the desired results.
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Tim Bonnell Jr. is the Founder and President of Aeris Insurance Solutions. He is the author of the book Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators. He’s a third-generation pilot and a second generation aviation insurance broker. Tim was raised in the aviation insurance industry and had the opportunity to learn it from the ground up. His formal education was completed at Kansas State University.
Tim is a private and instrument-rated pilot. He holds the Certified Insurance Counselor and Certified Aviation Insurance Professional professional designations. In 2014, he was installed into the inaugural class of the Aviation Insurance Association’s Eagle Society. Tim has served on the boards of directors for the Aviation Insurance Association, Kansas Agricultural Aviation Association, National Agricultural Aviation Association, and the Wichita Aero Club in addition to other community organizations.