Statistics and data evaluation are key to know and understand when you are trying to turn around a business during tough times. It is very easy to make the mistake of assuming you know. Your intuition might be right, but only by evaluating raw statistics and pertinent data to the area you are troubleshooting, you can be sure.
Not having statistics for all areas such as of Human Resources, Operations, Marketing and Sales, not just Financials, is like driving a car without having a speedometer, a fuel gage and so on. The car ends up driving you! The Financials are the end result of HR, Operations, Marketing and Sales effectiveness.
The question then is: are you driving your business?
There is an exact methodology for establishing which statistics should be kept for each area of a company. They tell you everything you need to know as a CEO, Manager and Administrator. You can predict vital situations if you know how to read them. They put you in complete control.
If you would like to know more about this subject, ask away!
Renata McDonald
Licensed International Business Consultant
My Business Consultants Blog 