Keep Records and Monitor Progress

Keep Records and Monitor Progress

To sustain your vision and to keep to your financial obligations you must track your progress, or perhaps it may be lack of progress! Not all of us are good at keeping records but they are a crucial aspect of the financial aspect of a growth plan.

Think about it, if you don’t know which part of your business is slipping then how can you take action to get back on track? Decide on three aspects of your business which are critical to your success then regularly monitor them.

Monitoring your performance must include reviewing your financial performance via monthly or quarterly Management Information. Your financial performance is the outcome of everything you do in the business so watching your financial results will highlight the red flags to review.