Optimizing Your Business: Identifying What Works and What Doesn’t (Part 3)

July 20, 2016 John Rigo

optimizing your business

In the first part of our guide series we’ve taken you through running your business. We then took things one step further with an elaboration on how to grow your business. Now, today, we’re going to introduce you how to start optimizing your business.

Would you ever play a game of darts in the dark? No, probably (hopefully) not. How can you ever expect to hit that bullseye when you can’t even see the target? The same can be asked of small business owners who shy away from attribution and recording. If you happen to be one of those owners then I hate to break it to you but you are 100% playing darts in the dark, my friend.

Greater insight into your business’ internal workings directly relates to the success and failure of your business. Getting this greater insight is not as daunting as you might think. There are actually management systems that can do it all for you. The essential pieces of data you should always have easy access to are:

  • Customer records
  • Real-time sales and appointment reports
  • Inventory stock and sales
  • Loyalty program activity

Making this data accessible to you helps you do what you’ve always hoped to - optimize your business. You’ll know with certainty which product to order more stock of and which you can drop. You’ll know with certainty which customers prefer which services. You’ll even know with certainty what deal really motivates your customers to keep coming back and spending more at your business. The bottom line here is that greater insight helps you both increase your quality of service AND overall bottom line. Stop guessing. Start optimizing.

 

Hungry for more on tracking your important metrics so you can really start optimizing your business? Check out our free guide to help your small business reach it’s greatest potential.

                   optimizing your business

About the Author

John Rigo

John Rigo is a content marketer with Booker. His areas of expertise are writing and market research. John brings a unique perspective to the blogosphere with his extensive background in publishing. He also has a love for small and local businesses – how they work, how they grow, and why they succeed.

More Content by John Rigo
Previous Article
Implementing an Online Payment System Brings Options and Convenience
Implementing an Online Payment System Brings Options and Convenience

Accept various forms of payment and simplify your point of sale process through an online payment system, w...

Next Article
Does Your Website Suck?
Does Your Website Suck?

Don’t let the headline scare you away – we're here to help! Check to see if you're making these common mist...

Not Enough Hours in the Day? You Need These Time Mgmt Tips!

Learn More