Is math, math-ing in your business?
 
In the fast-paced world of business, data is both abundant and essential. However, drowning in a sea of numbers can lead to confusion rather than clarity. To truly make your numbers make sense, you need to start with the right questions.
 
How Did Our Company Perform Last Month?
 
One of the key questions to ask when analyzing your data is how your company performed last month. This question allows you to evaluate your recent performance and identify any trends or patterns that may be emerging.
 
How Did We Do This Year Versus the Prior Year, Versus Our Budget, Versus Other Key Markers?
 
Another crucial question is how your performance this year compares to previous years, your budget, and other key markers. This question provides valuable context and helps you understand the bigger picture of your business’s performance.
 
By starting with these questions, you can focus your analysis and ensure that you’re gathering the right data to answer them. This approach can help you gain valuable insights into your business’s performance and make informed decisions for the future.
 
Keep an eye out for the next email/blog post ! I’ll be following up with the five critical steps to help you make sense of your numbers.

 

 

Your CPA Shouldn’t Be Your CFO!

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