At the end of the day we all need just one thing...
Clear, Concise and Precise information that can facilitate management discussion and action, quickly.
All About Small Business KPI
Times are tough out there. The need for quick decisions in today's world is a daily occurrence. Unless you have dedicated accounting staff, obtaining timely financial information can be non-existent.
Using KPI Performance Dashboards can be the answer to your business information woes. Let's face it, most business owners already have pretty good instincts on how things are travellin
Using Customer Count as a Key Performance Indicator is a capable metric and worthy of Dashboard inclusion. Most Point of Sales systems can capture this number on a daily or shift basis and most accounting systems have the number readily available. If the number is not readily available then I guess it's back to the tried and true, good old fashioned counting heads.
How often you nee
Independent Contractors need to focus on a few key points in their day to day operations. Reliance on traditional forms of reporting provides delayed results and is not advantageous for timely decision making. The critical measures associated with Independent Contractors are largely efficiency and materials based.
It is essential that contractors recover both labor costs and material costs whi
Visually Key Performance Indicators (KPIs) need to be simple. Avoid the "fluff" and the temptation of creating flowery good looking graphics that don't convey meaning. KPIs are a management tool that (hopefully) are used by management. They should be designed to convey information visually and quickly so management can evaluate the impact on their operations at a glance. This
When we measure the success or failure of a business we all generally look to profit as a starting point. Put simply, profit is your income less your expenses. So a positive number generally makes us feel warm and fuzzy whereas a negative number we all start to run around and wonder why. And that's the problem. The Profit measure is historical data and usually by the time the number is deter