Category: D10 Performance Analytics

How to Use Performance Analytics

Any successful business leader needs to understand the basics of performance measurement so they can set up appropriate analytics and monitoring systems for their business. Do you receive the financial statements from your accountant and wonder how to interpret what has happened in your business? This is historic data. Don’t wait until it is too late. Get into the habit of undertaking performance measurement on a regular basis. Monthly or quarterly. Does your finance provider ask for regular reports? A background on financing business operations is a definite advantage. Work with the articles under this category to gain this knowledge. Need assistance with the content? Refer to our support links or send an email to reception@12faces.business.

Benefit from Business Benchmark Resources

The term “Benchmark” is used to describe a piece of information that can be used as a comparation with your businesses’ performance so you have an understanding of how you compare to your industry standard performance. See Wikipedia for more. Benchmarks are very useful because, if you have nothing to compare your results with, you really have no idea if you are doing well or not. This article provides links to a number of industry comparison resources you might find useful. yellow belt

Change your Accounting Mindset with Throughput Accounting

Throughput Accounting (TA) comes from the same stable of business thinking as the Theory of Constraints TOC and is a different way of accounting for a businesses success. It is a major rethink on how to position your business for success.
See the Skills Module introduction: Theory of Constraints (TOC) Blue Belt

Importance of Performance Analytics for Profit

Analytics and Metrics are the family of measurement tools that a business puts together to provide feedback on its position on whatever factors it chooses to monitor. The most common is Profit and Loss bookkeeping. One of the most sophisticated might be measuring your e-commerce performance with Google Analytics. There is an old saying that “what gets measured, gets done“; referring to the fact that staff who know something is being measured and evaluated, will try to see it goes well.

Falling Profit Diagnostic availability

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Profit Diagnostic availability

oops We are working on an updated version of our Profit Diagnostic and it is not quite ready for you to subscribe We apologize for any inconvenience As compensation, we would like to give you access to the Diagnostic entirely for FREE for the first month when it becomes available shortly. Email us to register for […]

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