Monthly Archives: March 2015

Business Dashboard: 7 Mistakes to Avoid

Mistakes Written On Paper

 

  1. Starting too Complex:  Start with the simple, but critical metrics.
  2. Metrics nobody understands:   Information needs to be clearly understood by a fourth grader.
  3.  Cluttered with unimportant graphics:  There is power and beauty in simplicity.
  4. Waiting on big business intelligence projects:   Some data is better than none at all.  And it will never be perfect.


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Business Dashboard: 5 Best Practices

Blurred Out Dashboard And Speedometer

Last month I introduced the concept of a business dashboard as a tool for monitoring your business. Monitoring KPI in the months or years prior to selling your business will facilitate exit strategy success by helping you to organize and monitor relevant information and tasks. In general the following best practices enhance the functionality of any business dashboard:

  1. Limit KPI to 6-8 metrics that matter:  Focus on quality, not quantity.


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Posted in Business Best Practices, Exit Strategies
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