It is essential to systematically measure your actual performance and compare it to targets.
Traditionally this takes the form of detailed management accounts – ie: monthly profit and loss accounts, balance sheet and cash flow.
Most businesses recognise that traditional management accounts do not give enough information to really drive their business forward. So most successful businesses also measure other key success drivers (also known as key performance indicators or KPIs), so they can really understand what is happening while there is still time to do something about it.
In fact, the most successful businesses now systematically identify and measure key success drivers/KPIs for every key area of their business. We strongly recommend that you do the same. To measure key success drivers, we recommend that these are presented in the form of a monthly one-page plan which can be used by management to focus on the things that matter.
Using the knowledge we have gained as a result of co-funding the research behind the concept, we can produce a one-page plan for you. That one-page plan will use tools such as success driver mapping to identify, measure and evaluate every single key success driver/KPI in your business.
It will highlight the gaps between your actual performance and your targets, and help you create an action plan for closing those gaps. It will do all of this on a single A4 sheet of paper. Often described as the ultimate performance management tool, our professional advice is that you simply must use this tool in your business.
If you would like to speak to us about a One Page Plan or arrange a no commitment consultation, then please call us on 01993 776476 or alternatively please use the contact us form.