Do you know what is happening in your business, or do you know what you were told?
There is a difference between information and a report. One is what happened. The other is what happened, after somebody decided how to tell you.
There is a difference between information and a report. One is what happened. The other is what happened, after somebody decided how to tell you.
If the answer is after the accountant closes the month, you are steering a business using a picture of where it was four weeks ago.
What he bought, what he was charged, what he owes, what he complained about, and when you last spoke. Five facts, usually in five places.
Most owners judge their team on impression: who looks busy, who answers quickly, who was there late. None of those are performance.
Manual work never appears in any expense head, so it never gets reviewed. It is paid for in salary, in errors, and in things that arrived too late.
Not how it is doing this year. Today. Most owners need two days and three people to answer a question about their own company.
Most owners can tell you last month's sales within a minute. Ask what is still outstanding and the answer takes two days and a call to the accountant.