A quick question for business owners: Do you know which of your products or services are your top performers? Is it a gut feeling? Or is built on hard data and insights? Moreover, do you know which product or service is in need of a little extra promotion? How do you know? And even if you know, how do you go about rectifying the situation?
Now before you go firing off an email loaded with these questions to your staff, let’s understand the value of knowing where your business stands at any given moment. After all, that’s what’s going to allow you to make better decisions – from knowing when to light a fire under a product line to knowing when to squash it entirely.
All companies keep records. (Some better than others.) But when it comes to business decision-making, it’s all about access. Determining whether or not to allocate more time and money to a product line is a decision that can’t wait for a business advisor to return a voicemail. It’s even more pressing when this decision needs to be made from the field. Immediate insight into reliable, real-time records makes for nimble decision-making. Kashoo can facilitate this sort of business decision-making. (We’re not biased at all!) Your financials, specifically your Profit and Loss reports, are your greatest insights resources. And Kashoo puts it at your fingertips.
To explain further, we put together a short video on how Kashoo can help you pull up P&L statements and provide you with actionable insight…