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What Data Are You Tracking?

- Saturday, September 10, 2016

Seth Godin’s blog post entitled The worst kind of clock concluded with this statement, “What are you measuring?  Keeping track of the wrong data, or reading it wrong is worse than not keeping track at all.”

Measuring activity and results is critical to the effective growth and profitability of any organization.

It starts with the key performance indicators (activities that drive desired results) through monthly financial reporting (balance sheet, income statement, and statement of cash flows).

Godin’s point of tracking the wrong information and reading it wrong is so true. Take the time to answer these questions: 

What information is being tracked?

  • Is it the right data?
  • Is the data right?
  • Is the data looked at timely?
  • What is the information saying?
  • Who is looking at the results?
  • Are necessary adjustments being made based on the information?
  • What else should be tracked?
  • What should no longer be tracked?
Building a company with tracking and understanding the right information is powerful.  Are you struggling with this?  Allow one of our professionals to assist.

Call 561.302.6304 or reply to this email with ‘Help!!!’ in the subject line and we’ll respond promptly.

Live Passionately!

John

561.302.6304

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Barbar Financial Solutions provides peace of mind to CEOs of small to mid-sized companies.  Our team provides a clear financial picture of the business, and then implements strategies to help our clients grow their profits and cash flow.


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Mail: 6018 Buena Vista Court
Boca Raton, FL 33433
Call us: Office - 561-347-8586
Email us: service@barbarfinancial.com

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