Be Intelligent about your Business Intelligence (BI)

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• This latest buzz word, has been around since the beginning of the first barter – simply it means any information about your business
• generate/obtain accurate information
• trust the information only after vetting process
• acting on wrong information can be catastrophic
• understand what the information really means
• use BI to hold business accountable - examples:
  • variance analysis
  • performance metrics

 

• take action on BI  - examples:
  • if losing money, make changes to become profitable
  • if one product is more profitable than another look at opportunities to increase sales of that item
  • sales rep consistently not meeting targets, replace them

 
If you would like to improve your business or know anyone who would like to improve theirs, call me.