There are many important aspects to running a successful business today. But one practice, if done consistently, will almost guarantee that you will move ahead of your competition. “What is it,” you ask??
I personally first learned this idea when I was a cocky college kid. I had a professor say to us, “If you go out and read your electric meter every day you will save money on your electric bill.” Well… I thought he was crazy and I was determined to prove him wrong. But what happened shocked me and my room mate. As I read that meter everyday we found ourselves turning off lights quicker, not running the A/C as much - heck we even turned off the breaker box. We didn’t know that if you do that too many times you can break the breaker - ooops. But, at the end of the month our electric bill was $18!!! Are you kidding me??? All because we focused on how much electric we were using every hour of the day.
So… how does this ONE THING get applied to your business?
The same way. The answer is so basic it is often dismissed as not important - review daily important and vital information about your business.
If you do you will see increases in your bank account and on the P&L’s bottom line.
This is a common practice in huge corporations, but now there is a fully customizable tool designed for small to mid-size business. It is called Dashboard RPM (Real-time Performance Measurement), and is developed specifically to meet your needs as a business owner – there is nothing like this tool.
Possibly for the first time there is a tool that will help you on a daily basis understand:
How to increase net profits
How to control labor costs
Customer retention
Customer service issues are identified and corrected
Which marketing strategies and programs are working
Manage inventory more efficiently
How to succeed in ANY economy
Exact and personalized information is provided to you on a daily basis and as close to “real time” as possible. Not only do you see what is happening, but consulting is available on a weekly basis so that the right action is taken to increase profits and reduce unnecessary expenses.
