Well run companies always have accurate and timely financial reporting and a solid plan in place. The purpose of annual and long-term plans is to provide a forecast of revenues and expenditures. The goal is to construct a model of how the business might perform financially if certain strategies, events and plans are carried out. It sets guidelines to control resources, communicates plans to managers and provides visibility into individual and company performance. Annual and long range business planning helps to lay the parameters for future growth.
We meet with small business owners and help develop scorecards or performance indicators (besides financial statements) to measure and support business efforts. These key performance indicators need to measure what’s important, not just what’s easy to measure. They’ll help you understand how well everyone is performing in relation to their strategic goals and objectives. They need to be clearly linked to objectives that will allow employees to determine if they are on track. They need to be shared with the entire organization. Ignorance is not bliss. Ignorance is deadly to a small business. Companies that have not realized the power of providing operations employees with feedback on the results of their actions are missing a major opportunity to improve.
We take time evaluating each small business to see where they are at on the Key Performance journey and to assist them with developing the proper metrics for their organization. We give a high level of attention to each client and that’s why we guarantee you will see a positive impact in your business. Contact us to see how we can help!