Because an entrepreneur has to manage everything simultaneously, sometimes he feels a bit overwhelmed. From the estimated budget to the management, through the operation, you have to take care of everything and you cannot do everything? To take your business to your destination, take the reflex to decipher your dashboards. They are certainly sometimes long and tedious, but their usefulness is without question. So, what are the methods and solutions to optimize the performance of your company and how to be a good pilot who succeeds in minimizing the risk of failure of his company? Visit this site to know about annual return.
Apply the method of successful entrepreneurs
Always learn to do better
Do not wait for your accountant to give you your annual report to interest you in your general situation. Be interested in your indicators first. These are of two kinds.
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- Action indicators: as their name indicates, they are interested in your planned actions. And here it is up to you to stick to your plan of action to accomplish the planned tasks.
- Result indicators: these are closely linked to your actions and therefore depend on you too. However, some external factors may influence the achievement of these results.
It is therefore wise to draw up a table to compare the two indicators. All the information provided will be valuable to you to pinpoint your gaps and gaps. This will tell you clearly if you have not achieved your goals due to lack of time, resources or organization.
Always remember to restart
Before repeating the two previous actions for each month, it is important to analyze your turnover data. It is important to classify the origins of your CA and to assess whether it is useful or not to change the nature of your actions and your efforts. Depending on that, correct your cash flow forecast for the next two months and do not forget to add a forecast month. You will sometimes have to modify your dashboard. So, as a general rule, for each month, review and study the results of the past month. This analysis will always teach you what you need to change in your future actions. Make sure your cash flow is positive for the next 3 months and that you will be able to ensure your debts. The dashboard you build must be linked to your actions and goals. This piloting instrument is a reflection of what you want to achieve. At the end of each month, take stock of your results and a complete analysis of the overall situation.