Wikimedia Commons Liberal Arts at the Brink was published three years ago.
You need to decide when to make a new hire, whether to change the pricing of your services, how to enhance your website, and where to invest next. To make good decisions, you need the right information, presented in the right way, at the right time. In short, you need good reporting. A report collects together important information, makes it easy to understand, and lets you make informed business decisions based on that information.
There have been plenty of decisions made purely on gut feeling that have caused businesses to fail. Gut feelings do have a place in decision making, but in the right context.
In fact, gut feelings often come from our experiences, based on the information we see every day. Reporting is a way of putting some discipline around that process.
A good report gives you the latest information, unfiltered by anything else, that lets you make an informed choice. The best decisions are guided by information and intuition, and reporting influences both of those areas. See how your business is doing on a day to day basis.
Get an early warning on things that are going wrong. Understand how your business is growing or not. All of these areas are essential to being successful, and with reporting becoming faster and easier, some effort now will pay dividends in future.
Why do reports matter? To sum it all up: You need reports so you can make better business decisions. The traits of bad reports include: Providing way too much data. Not allowing you to see at a glance what you need to do.
Providing historic trends over the wrong period of time. Bad reports actually obscure the data you need and make it harder to take good decisions. So, I tried an experiment. Every month, we produced the reports but we reduced the number we sent out by five a month, without telling anyone.
No-one noticed until the last month, when we started getting enquiries. We reduced our monthly reporting from 20 reports down to just 4, and then we made those reports amazing.
It means changing your thinking about what reports can do, how they do it, and why you need the information in the first place. These common sense best practices will give you a strong foundation. Design reports around your decisions, not the other way around.
Make sure you can act on the information in a report. Keep information in reports to a realistic minimum. Present information in the right way. What are the most important regular decisions I need to make in my business? In other words, base the reporting on your business needs.
Just this one, simple rule by itself would rid the world of so many bad reports! A report should be designed to give you insight into specific areas of your business. Number of incidents in March: Anyone reading through a list of numbers knows how quickly number-blindness and boredom sets in.
Avoid that by reporting on the stuff that really matters, and presenting it in a way that makes sense. This often involves making comparisons and showing how things are changing. Use high-quality data sources for your reports A report is only as good as the information it shares.
There are a few ways to do this: A little verification goes a long way.Online MBA & Grad Business Programs; 18 Etiquette Tips for E-mailing Your Professor A new report found that new foreign student enrollment in American universities fell by percent.
Introduction The Financial Analysis CS™ module within the Creative Solutions Accounting® (CSA) software includes many pre-defined financial reports that you can use and customize in the Financial Analysis CS Report Designer to meet your clients’ financial reporting needs.
Home Business Examples of Business Letter Salutations and Endings. Business; Examples of Business Letter Salutations and Endings.
Dec 28, Share on Facebook. Tweet on Twitter. Writing Professional Salutations for Business Letters. Writing professional salutations for business letters can be a daunting task.
While writing a letter to a. The valediction has disappeared from the website, replaced by a simple notice that Don Otto’s is closed.
Update: It looks as though arrogance really was the business plan, and it only took six months to fail. The following is a list of letter salutation examples that are appropriate for business and employment-related correspondence.
Later, we’ll explain how to select and format a salutation, as well as how to address a letter to someone whose name you do not know. How to write a welcome letter. New customer welcome letters have been utilized by many businesses that hold customer relations in high regard.
It is considered as good customer relations, and it enhances personal relationships between business and their customers.