Does your business have a scoreboard?
Would you go to a hockey game if it didn’t have a scoreboard, it seems pointless, doesn’t it?
Warren Buffett said it, “If you can’t read the scoreboard, you don’t know the score. If you don’t know the score, you can’t tell the winners from the losers.”
- Are you receiving your report cards from your accountants and bookkeepers?
- Are you looking at them? Do you know what they are telling you? Do you know which numbers are important?
- Can you make your business and financial decisions by looking at your report cards or are you flying by the seat of your pants?
- Which levers should you pull to improve your results?
Measuring and reporting your business results is the only way to create sustainable business success. Are you getting the information you need?