The two major causes of stress for business owners are people and money. In fact, it might be fair to say that about life too ???? Marketing, marketing They say feedback is the breakfast of champions. In my experience it’s true. In fact, I believe most people want to know how they are doing. If we don’t know how we are doing then we can start to lose momentum because we don’t know if what we are doing is working or adding value. Our subconscious can start to think “what’s the point of doing this? No-one is noticing” The two most common desires we hear from business owners are to have ‘more time’ and ‘more profit’. And to get more time, you first need to be making good profits, so this issue is all about your profitability. If thinking about numbers and data makes your left eye start to twitch and you’d rather eat sand, then you’re in good company. Many business owners feel the same.
BUT … in this edition, we are going to shift your perspective on the topic.
The reality is, with technology today, we are able to get access to information that in the past could only be accessed by big companies. And information can make a massive difference to the results of your business in terms of profits, cash flow, customer retention, staff morale … and the list goes on.
Below are some links and resources that can help you tap into the useful information that already exists in your business. Hopefully, we can pique your interest and give you some tools on how to do so. As always, enjoy the read/listen/watch … and make it a great day!
P.S. Here’s an example of how you can use data to change your team’s behaviour ???? (1:41 watch)
Make Better Business Decisions with 5 Simple Steps
If you are like Adam, you simply don’t have the time to collect the data let alone analyse it. And frankly, it’s just not that interesting.Or is it …. Click below to see how Adam went from skeptic to measuring maniac using 5 simple steps. And there is gold in them numbers ????
What Get’s Measured Gets Managed – Or Does It?
This great article by Ruth Henderson builds on our blog post above. She takes a critical view on how to make measuring meaningful. It’s a quick read and she summarises with four steps to guide you.With our 5 steps … now you’re up to nine. That’s still manageable … yes?
Three Business Intelligence (BI) Tools for Small Business
Zach Watson shares his thoughts on three pretty cool tools. My pick of the bunch would be the first one. I’d also add another to the list that Zach didn’t mention. That would be Klipfolio.
Resources – None
That’s right … no recommendations for books this issue. While I am a huge proponent of the numbers, I’m not convinced you need to read a book on it.
I do have a couple on my shelf. They remain unread ????
Instead, take a break … read a good fiction book. Got any good suggestions? I love a good spy novel.