Your businesses is what is “IT”, with all of the information and bombardment of calls, e-mails, faxes, twitters, IM’s, texts and people, a business owner can feel overloaded and get misdirected and forget to keep an eye on what really matters to their success, THE BOTTOM LINE!
What’s the solution?
On no more than a couple of 8½x11-inch pieces of paper, have a “snapshot” of the top five to ten critical statistical metrics that determine your business unit’s success available with comparisons for your daily morning review. If you do not have this report, you cannot be proactive in management. With a daily statistical data sheet, you have the ability to spot trends, and thus, small corrections in the operations or sales can be initiated to neutralize the adverse effect of any negative component.
When you have daily statistical sheets that are simple, to the point, and full of the “most critical” metrics that you need, you can guide your business unit daily, which will lead to greater achievements of the business unit’s budget and stretch goals. Focus on managing your business unit today, so that today will be tomorrow and tomorrow will be your everything.
http://theprofitrepairman.com/
2 comments:
Management plays a very important role in business - especially information; if there is a failure to organize well, all the data and statistics, then the organization will register a decline in business.
-Jonathan
http://www.p2w2.com/jonathan
I read the article and I really liked it..
Thanks for the great post..
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