Part of your role as an executive or owner in driving business performance, is to evaluate past performance and decide on how to remedy the situation going forward. Here are 3 #bestpratical tips to effectively evaluate performance and determine actions.
How to Design a Performance Dashboard
Struggling to get a grip on the real-time performance of your business? The article talks about a real-life example (and tips!) of how to design a performance dashboard that gives you immediate visibility of the performance of your business.
#bestpractical Reporting Metrics
Business leaders need more than month-end reports showing history. They need to know what to do during the month to influence the future outcomes, i.e. what IS the dial that needs to move (what to measure), and what to DO to move the dial. These are called leading indicators. Watch this short video to learn more.
#bestpractical Setting Targets: Take Aim at your Overdraft
Poor cashflow is the biggest business killer. Cashflow is the oxygen of the business – without it you can’t breathe. Having said this, getting rid of your bank overdraft is possible if you set it as a target, as we’ll see in Kevin and Lucy’s story.
Get Traction in Profit Performance
Business leaders focus on growing profit performance. Yet they are constantly challenged with various moving parts in their business and teams. A common experience is “we are spinning our wheels”. The COVID pandemic adds an additional layer of complexity that will take some time for all to settle into the new normal. It has taken its’ toll on profit performance of many companies.