Tag Archives: Revenue

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Is Your Business More Like a Lamborghini or a Lada?

A Lada may get you from point A to point B (if you are lucky), but a Lamborghini is a highly tuned engineering marvel! Not only will it get you from point A to point B, it will do it quickly, efficiently, and in style! It is a thing of beauty!

Just like a Lamborghini, a finely tuned, high performance business is a beautiful thing!

Understanding what to monitor in your business to ensure that it is finely tuned and highly performing is not an easy task. As you can imagine, there are as many opinions on the definition of high performance as there are businesses. And for good reason.

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How to Boost Your Business with a Powerful Tool!

Every now and then you come across tool or a process that provides a ton of value in a simple and effective package. This tool or process is easy to understand, easy to integrate into your existing systems, and it provides an extraordinary level of value to you and your business.

The EAC – ITD chart is one of these tools. You need to leverage this tool into your business! Download it from the Business Tools tab on my website.

The Tool

I originally built this tool as a method to track project health when I was responsible for overseeing a large portfolio of projects. It is a simple little graph that tells you right away if your project managers really understand their projects and if their projects are going to meet the organization’s financial expectations.

So, what is it and how does it work?

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You Will Get Crushed Without Accurate Business Analytics

Choosing to operate your business without accurate business analytics is like running across a freeway with a blindfold on. If you are not tracking your business’ performance against previous years, you are choosing to operate your business with a blindfold on and this will eventually crush you.

Clearly understanding how your business performed in the past can be a lifesaver moving forward. This knowledge will highlight troubled areas in your business that need to be addressed and it will highlight potential areas of opportunity.

I learned this pretty early in my business career.