To progress in your business you must be able to measure how you are moving forward, but how do you measure your business and then make decisions that help it to grow?
Whether you are looking to build or develop your business you will find it a challenge, but one that can be made easier if you are able to demonstrate what is happening as and when it happens.
Whilst you might know the value of last month’s sales, do you really know how your market is performing and how you are performing within your market?
Or more importantly, who your customers are and how they found you? Because if you find a solution to this problem then you’ve just found Nirvana. Once you know this, you can find more of them and you can do this very easily.
Once you have found them then how do you satisfy yourself that you are progressing and that the business is getting better?
It is not enough to rely on “gut feeling” or a “nose for when we are being productive”.
As a professionally run business you and your team should be able to demonstrate that you are moving forward in whatever way is required by the owner, whether that is you or someone else.
This is why we don’t work on Key Performance Indicators and solely look at Key Predictive Indicators.
After all, why lag and be reactive when you can lead and become proactive.
There is profit in the future and it is there for your taking today.