This discusses the importance of uncovering, gathering and using Business Intelligence data to help grow business. This is the process that leads to revealing Business and Market Trends and presenting this information to Decision Leaders across all functions within the business to facilitate making consequential rapid tactical and strategic decisions thereby swiftly implementing intelligently driven responsive course corrections in an ever continuous “measure=>review=>decide=>implement=>repeat” progressive cycle to gain niche advantages and profitability within the ever changing environment throughout the ever growing Global Marketplace within which all businesses operate today. And here again, MISSI can help.
A growing business is a smarter business: It seeks answers hidden in its data! Most businesses today that are actively producing products and/or services quickly build up a vast collection of data but often the value inherent in that data pool is neither recognized nor accessed as the potential gold mine resource that it really is; as a source of business intelligence to help the business grow. Inherent business value remains hidden in data, untapped instead of being mined and shared for its business intelligence benefits.
Growing any business in any financial environment – good or bad – is a continual experimental, and incrementally developmental, process; a “work” that is continuously “in progress”, a journey without end if handled correctly. There is a constant need to monitor and analyze direction and results: What is working? What is not? At MISSI, here we are looking to discover, define and evaluate the real needs of entrepreneurs seeking help in resolving business development challenges by seeking feedback from that audience.
Growing any business in any financial environment – good or bad – is a continual experimental, and incrementally developmental, process; a “work” that is continuously “in progress”, a journey without end if handled correctly.
There is a constant need to check and analyze direction and results: Is the mission still meaningful? Do we even have a quotable, believable and workable mission for our business? Are purpose and goals still relevant? Is the intended audience (market, customers) still open to expansion for our particular collection of products or services or is it shrinking as was the case for Buggy Whip makers in the early days of Automobiles replacing Horse Drawn Carriages. Is the revenue stream a net-cash-inflow and is the net profit margin and business equity value growing and capable of further growth … or not? So many questions that we must continuously ask ourselves, get answers and review to make sure our business direction is upwards and not stagnating or going downwards. Continue reading “Starting, Building, Growing, Turning Around or Selling/Merging Your Business? Could You Use Some Help? What Kind?”