Episode 19 – Keeping Score – The Power of a Reporting Rhythm
Welcome back to our Elevate Weekly Video Series. Last week we took a look at a practical approach to helping you decide who your core customer or customers are, and how to bring focus. If you missed it, you can catch up on Episode 18 here.
This week, I want to focus on the importance of reporting for your business. Quality, consistent reporting is an absolute necessity to effectively manage a business. Not only does it allow you to measure progress against goals and targets, but it also gives management insight, it provides transparency, it identifies problems and highlights opportunities within your business.
A great reporting structure doesn’t have to be complex, in fact simple is typically better.
There are 3 elements that are critical to great reporting: Relevance, Accuracy and Timeliness. What does this mean, and which is most critical?
Check out this week’s video below, and as always feel free to reach out if you have any questions.
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