We came across this article by Mike Kappel on Entrepreneur.com the other day that hit the nail on the head in terms of making sense of the importance of monitoring your company's status. As Kappel reflected on how his small business benefitted or took hits as results of him tracking or not tracking the status of his company's data- in this scenario, in the case of financial ratios.
Read the entire article here: https://www.entrepreneur.com/article/297159
As you may know, at Peerview Data, one of our major concepts that we stress is that you will never know whether or not your company or methods are accumulating success unless you are constantly evaluating your data and progress. Whether in the case of financial ratios or overall progress, data tracking and comparison can be detrimental to your company. Let us track that progress for you.