Business Intelligence – Not just for Big Business

Many big Businesses use sophisticated software to implement a Business Intelligence (BI) system.  For the small business common sense takes the place of expensive software.

BI is the key to running a performance-oriented organization. BI is used to identify:

• strengths and weaknesses
• measure the progress of the company against its goals
• to employ the skills, processes, technologies, applications and practices that support good decision making.

BI for the small business means making a list of what BI is supposed to accomplish and then applying that list against your company’s performance.

It means taking a hard look at your own performance and making the necessary adjustments to stay on course.

I advocate your being in business for yourself, but never being in business by yourself. Without a business coach/mentor at your side it becomes hard to evaluate your performance. By yourself, it’s easy to find excuses for not sticking to your plans.

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Business is like riding a bicycle. Either you keep up your speed or you’ll fall down.

Have a great day!