The Importance of Reviewing Business Progress

Posted on September 14, 2012

0


While your small business may be running smoothly without any progress monitoring or goal setting, these processes are necessary for a growing business.  DaVinci Business Graphics shows you just how important it is for you to review your business progress. 

 

Knowing how different areas of your business are performing helps you identify which aspects of your business are strong, and which aspects need improvement.  However, you need to measure the correct areas to get the correct information.  You should focus on specific factors that are easy to measure and show the areas where your business is successful when compared to the rest of the market.

Measure both financial and non-financial targets.  Here are a few places you can start measuring your business’s progress:

  • Customers—how many you have, how often they order, how many have you lost/gained?
  • Customer Service—complaints, why customers have complained, waiting time for assistance.
  • Market Share—compare your market share to your competitors, has you market share grown or shrunk?
  • Your Staff—satisfaction levels, work quality, attendance records…

 

Begin with these areas and you will start to see where your business needs to improve and where it is strongest.  Once you’ve monitored your progress, you can set better business goals and achieve realistic growth.

However, analyzing endless business data can get tiresome.  Visual aids like charts and graphs make progress monitoring much simpler and effective.  Do you need tools to help you visualize your business progress?  Consult DaVinci Business Graphics.  We’ve been printing the highest quality business charts for over 25 years.  We offer custom business charts to monitor progress, set goals, and much more.

 

Contact DaVinci Business Graphics today and discover how our charts can help your business grow

Visit Us on the Web at davincibg.com

Or

Call Us at 1-949-679-7666

 

Image 1 via us.123rf.com, Image 2 via massclimb.com, Image 3 via davincibg.com

Advertisements
Posted in: Uncategorized