Tracking and analyzing your business metrics can be the difference between setting yourself up for success or feeling like you’re running on an endless hamster wheel.

Every decision you need to make in your business is founded in the details, actions, and data you’re already producing. This can be as simple as tracking lead generation, client follow-up, or financial reporting for example.

Have the Right Tools for the Job

First, we all have limited hours every day, so have the right tools and software to make tracking a breeze. For instance, if you’re looking for a snapshot of potential revenue to be collected, Lnvo shows you exactly what invoices you have sent or which are pending.

The Lnvo dashboard shows you the metrics that matter to grow your business. You get a complete snapshot of your invoicing financials along with a complete history of activity done by you or your team. And, that’s just the reporting dashboard.

Improved Accountability

Once you have access to your metrics, you can rest assured the numbers don’t lie. If you’re tracking client or lead follow-up you can see how fast you or your team reached out, how many times you followed-up, and what the result was.

Did you know that, according to a study published by Harvard Business Review, leads contacted within the first 5 minutes are 400% more likely to become customers?

How about the fact that you have a 90% better chance of making contact with a lead after 6 call attempts? And, most businesses give up after the first call… if they even get that far!

Enhanced Organization and Efficiency

Beyond keeping you or your team accountable, metrics will help you stay organized. You’re more likely to be more productive (and miss less) if you’re operating off organized data.

There’s a reason why fighter jet pilots operate off checklists. Not only will you be accountable, but you’ll also be more likely to get action items done if your data is organized.

Data-Driven Decision Making

Having metrics to track and organized data at your fingertips means you can make decisions based on what you’re seeing…not what you’re feeling.

If you have goals you’re targeting, you’ll know exactly where you need to take action based on what your metrics show. Have invoices outstanding? Waiting on approval for estimates or proposals? Keep it all tracked and follow up.

Efficient and Effective

Tracking and analyzing your metrics is a sure-fire way to keep you efficient and effective in maximizing the success of your business.

During these busy seasons of life it pays to have data at your fingertips that you can review. Use the right tools that simplify tracking and reporting for your business and you’ll find you’re making things just a little easier on yourself.