Hope Is Not A Strategy Neither A Metric.

Posted by TST1 under Sales
From http://tweakyourbiz.com 4557 days ago

We live in an age of metric tracking in our personal lives, yet we seem to forget with business. It's simple, you track metrics and you can determine the overall progress of your sales, profits or losses.

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Comments

Written by elainerogers
4553 days ago

A great investor told me yesterday - you need metrics!!! Measure, measure, measure - and this was from an Investor AND and Entrepreneurial point of view. And then I read your post John, and it just amplifies the need to look at the figures, and not just look at them, but make sense of them!

As most biz owners hate accounts and number crunching, they generally leave it up to their finance team or accountant - or worse still, the end of year accounts.

As my investor friend said - " a perfect way to go broke"

Great post John, thanks.

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Written by TST1
4557 days ago

Thanks Sian. It's sadly very true, even when a business does monitor a metric it tends to be something very meaningless and doesn't truly represent the current trend they are headed. The important of metrics is undeniable and overall it can lead to increased growth and productivity.

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Written by Sian Phillips
4557 days ago

Great post John. So many businesses forget to measure how they are doing using these type of metrics. Most only think about using accounts figures to monitor and I hate to say that some don't even bother with that

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