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Why Businesses Analyse Their Data Print

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The reasons that matter.

TO ANSWER QUESTIONS

Which of my products is most profitable? Why did sales fall last month? Which customers stopped buying?

TO REPLACE IMPRESSIONS WITH FACTS

Most business decisions are made on impressions.

Impressions are frequently wrong, and consistently wrong in the same directions.

TO FIND WHAT IS INVISIBLE

A product that sells well and loses money A customer segment growing quietly Costs rising gradually

THAT LAST ONE

Gradual change is invisible day to day and obvious in a year of figures.

TO PLAN

What to stock, what to price, what to expect.

TO EVALUATE DECISIONS

Whether a change actually helped.

WHAT NONE OF THIS REQUIRES

Advanced technique.

Most valuable analysis in a small business is arithmetic on clean records.

WHAT IT DOES REQUIRE

That the records exist and are trustworthy.

WHAT TO DO FIRST

Fix the records.


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