Management Information
How do you currently make business decisions?
Is it gut instinct?, experience? or even just back of an envelope calculations?
Do you:
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do things just because it’s the way that it’s always been done? After all, if it ain’t broke, don’t fix it, right?
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ever feel at a loss as to what to do for the best?
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ever say, “lets suck it and see”?
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ever lie awake at night worrying about business, money and family?
Now imagine being able to literally see into the future, A crystal ball that allowed you to understand the different outcomes next month, next year, next 5 years, of decisions made today. A way of predicting what will happen next with confidence.
What is management information?
Great business starts with good bookkeeping. If you have a good bookkeeper, the chances are you are already sitting on everything you need to build your very own crystal ball, stop guessing and start making brilliant decisions.
Management Information is what happens when the data entered by your bookkeeper is converted to a clear, easy to understand picture of what your business has been doing, how it’s doing now and what it will do in the future. Some accountants will supply your management accounts, but to be honest, these are generated automatically these days and not always from up to date information, and they’re only part of the picture. Its what can be learned from them that is important.
What is management information?
Once you’ve experienced the power of using high quality Management Information to learn from historic performance and apply the lessons to your future business development, you’ll wonder how you ever managed without it. Within minutes you’ll be able to understand what makes you money, how much it makes, if your business is growing or shrinking, how well you manage your cashflow and what you might do to improve it. You’ll see how the banks regard your performance and whether they would lend you money, how the future value of your business is affected by your current performance, how well you’re recruiting and retaining customers, average transaction values, frequency of purchase, marketing efficiency, where your profit gets spent, how good the business is at converting what you do for people into money and much more!