VIEWpoint Issue 2 | 2018
Tax Cuts and Jobs Act – Highlights of What is Ahead for You...
VIEWpoint Issue 3 | 2017
As your business grows, you may begin to lose some of the intuitive feel you once had on its performance. Maybe you don’t “know” all of your staff anymore. Perhaps your grasp on management’s capabilities is not as strong. Maybe you’re no longer able to effectively gauge employee productivity. You may notice the company becoming more department-oriented rather than individual-oriented.
All of these are signs that the business advisors at Doeren Mayhew often see when it’s time to implement some higher-level financial expertise to help clients build the numbers needed to run the business.
Key performance indicators (KPIs) allow you to measure your success at achieving operational and financial goals by tracking business components such as:
Why measure these components? Because KPIs help you to:
Setting up and reporting on a KPI system is a first step toward solid financial performance, and is one of the key ways your business advisors should be providing you with insight into your business.
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