“You can’t manage what you don’t measure, and what you don’t manage doesn’t get done.” – Peter F. Drucker Small Business Success Requires Small Business Performance Measurement Small Business Success requires small business owners to continuously evaluate small business performance and take corrective actions, where needed. Sadly, with several small business owners that I have worked with, that is not the case. In some cases, small business owners worked in their business for a very long time, but cannot afford to retire. In general, they perceived that the value of their business is more that it can sell for. This shows that these owners didRead More →

Do I Need to Measure Business Performance as a Small Business? Before I outline the 5 easy steps in developing key performance indicators, ask yourself the following questions: Is my small business in good shape? What are the trends in my small business? Is my small business performance improving or declining? Which area of my small business needs improvement? Where do I need to focus my effort and allocate or re-allocate resources? How does my small business stack up against the industry or competition? If you as entrepreneur and small business owner do not measure business performance, it is unlikely that you will know. MeasuringRead More →