When your business is growing fast, gathering the information you need to assess its performance is critical. But most business information is static and from various sources. Take, for example, a report all entrepreneurs are familiar with – the Profit & Loss Statement.
This type of report is great if you are looking for specific detailed numbers. But it does little to show you trends and exceptions.
Below is an example of a huddle board that reports the same information as the P&L. It shows the longer-term trends and can signal you when a metric is off track.
This tool speeds up your analysis and monitors your progress, allowing you to take corrective action when things get off track.
To learn more about huddle boards and how they can help manage your business, drop us a line.