Business owners often use metrics to get a broad sense of how their company is doing. One of the most commonly monitored metrics is “profit.” However, just measuring profit will do little to give you a holistic view of your business. Business owners can utilize metrics for much more than keeping track of the money…
Making changes is part of growing a company. You can make significant changes, like signing several multimillion-dollar deals in a year or franchising, or smaller changes, like filling in your CSuite or updating your processes. Each change can have a positive or negative effect, which means that change, in general, can cause anxiety. In a…
Many business owners get into an industry because they have a passion for their industry, not because they love to monitor business metrics. However, tracking metrics is key to the success of any company. Documenting essential statistics, profit and loss reports, sales and revenue reports, and marketing reports may seem tedious. However, when you have…
Times are changing, which means that now is the moment to prepare for success. Whether your business has slowed down, is growing at an average pace, or has taken off, it is crucial to organize systems and processes now, which will support growth in the long run. Many businesses have taken this moment of change…
It’s just about the end of March, almost time for your first quarterly business review. Each business may use different metrics to evaluate their progress through the year, but we have three basic actions that you can implement today to make your next quarterly review easier – and allow you to correct problems before they…