QuickBizBreak by david weaver

Take a quick break from your biz to ponder new ideas and strategies that will turbocharge your business.

Posts Tagged ‘KPI’

Time for a Checkup!

Posted by QuickBizBreak on March 30, 2010

You received an audio message. Click here to play it.Each quarter, the experienced business owner reviews their annual strategic plan to see if they are on track towards achieving their annual goals.  The numbers (otherwise known as Key Performance Indicators) should actually be tracked daily and reviewed at least weekly and monthly. However, the quarterly check-up is a more extensive review against budgets and forecasts to see what may have changed significantly as it relates to overall strategy. Has there been a market shift? Has business changed significantly that might cause a strategy or direction to be revised?

Don’t get caught up in managing your business daily without a wider view of the past and future. If you see a trend, do what is necessary to change it if it is a negative trend or take advantage of it in some way if it’s a positive trend.

This is also a great time to bring the team into the know to help them gain focus on company direction and to get everyone on board towards achieving the next quarter’s goals.

Don’t know where to begin with strategic planning or review? Give me a call or email me for resource information.

David Weaver, Business Advisor, 678-620-3990

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