How can you tell when your business is moving the right direction, or the wrong direction? Is it gut? Or maybe a better question with some real dollars to it, what happens if you have a shift in cash of $10,000, would you notice? Seth Godin discusses an interesting
dynamic of noticing change on his blog recently, and what he points out is you would probably notice $10,000 if you only had $20,000. But what if you had $200,000 in cash? Would you miss it?
Systems are essential to help you realize that your business is moving in the right direction. Every little change can tell you something new. So are you tracking small changes? We use things like budgets and weekly reports to put simple, yet powerful data into the hands of our partners. Its ultimately their job to turn that data into a great decision, but aren't all decisions better when you have more information?
How can you tell when your business is moving the right direction, or the wrong direction? Is it gut? Or maybe a better question with some real dollars to it, what happens if you have a shift in cash of $10,000, would you notice? Seth Godin discusses an interesting dynamic of noticing change on his blog recently, and what he points out is you would probably notice $10,000 if you only had $20,000. But what if you had $200,000 in cash? Would you miss it?
Systems are essential to help you realize that your business is moving in the right direction. Every little change can tell you something new. So are you tracking small changes? We use things like budgets and weekly reports to put simple, yet powerful data into the hands of our partners. Its ultimately their job to turn that data into a great decision, but aren't all decisions better when you have more information?