So what is a KPI? KPI stands for Key Performance Indicator. There are many different types of KPIs – financial, operational, marketing, etc. Sure, financial statements are great, but they’re difficult to digest. KPIs are byte-sized metrics that you can use which indicate what’s going well (or not) in your business. Recently, we moved our […]
“I Got 99 Problems & No Idea Where To Start” In this week’s video I’ll talk about the 4 pillars of business strategy, and how to determine which pillar to develop your KPIs around. I’ll also walk through the example in my demo Wayfinder of what this looks like in practice.
In this episode of Talk of The Town I discuss how business owners can utilize the data within their business to measure their performance and effect change in their business. Dashboards are all about measuring forward-looking indicators so you can turn the business you have into the business you want.
Business intelligence is the practice of leveraging both technology and the data available in your business to facilitate business decisions. There are numerous technologies available today to facilitate data extraction and analysis. Also, thanks to the internet, cloud software and other technologies, data has never been more plentiful. Effective business intelligence allows stakeholders to make
In this video I revisit an Entrepreneur.com article about one of the ways to measure the financial health of your business. I’ll also provide my spin on how to do it in your dashboard using the Altman Z Score.
While listening to a recent episode of the Cloud Accounting podcast, a podcast I love, the hosts were discussing a recent article in Entrepreneur Magazine that stated startups should in-source their accounting, quality control and sales. The latter two are outside my domain expertise, so I won’t speak to those. I will address some of the
In this video I talk about some of the possible data sources that you have in your business that you can use to populate a dashboard. I also touch on things to consider when developing the KPIs for your dashboard.
Check out my latest episode of Talk of The Town on WHHI-TV where I talk about the difference between DIY and Outsourced Accounting.