Why Your Small Business Needs Data

You’ve put a lot of effort into getting your business off the ground and running. Any small business owner will tell you it takes a lot of work to get started with your business, and even more work to keep it afloat. Whether you run a local food restaurant, a specialized store, or you are starting a new business to create waves in a specific industry, you may think that while you are small in size, you already have all the information you need about how your business is running. Just the fact that you’re there every day putting in the long hours can tell you a lot about what’s working and what isn’t; however, there is still plenty of other data that can pinpoint exactly where you need to improve and what you’re doing well.

We live in a spectacular time; technology has brought us so many luxuries that we could only dream of just 10-20 years ago. The sky’s the limit at this point in time, and the range of possibilities is tremendously exciting. However, this surge in technology and data can be extremely overwhelming. It’s easy to assume that data reports for big, corporate sized businesses would be beneficial; it would also be easy to assume that such data reports would not be necessary for small businesses. The fact is that there is crucial data that you can have reported to you that will only help your business grow. Not only can you get a complete breakdown of your sales reports, but you can discover ways to improve in various areas:

  • HR records
  • Employee efficiency
  • How to improve your customer targeting
  • Knowing when sales are at their peak and why
  • Risk management
  • … and much more!

You can even extract data about your customers: what they shop for, when and why they may leave the store, etc. Most small businesses aren’t away that they are collecting data that can help them increase their revenue. It can be overwhelming thinking about what you need to do with all of this data. Enter the Grow BI dashboard. Our dashboard will give you the results you want to see and in a total comprehensible way. See which part of the day sees the highest increase in sales down to the exact time. You can then use this time to capitalize on your increase in traffic, or you can see times when business is slower and how you can make efforts to bring in more sales during your down time.

The Grow BI dashboard will take in all of the complex data relevant to your business and communicate the results to you in a way that will enable you to quickly and intelligently make decisions about how to grow your business and increase your revenue. See where you’re spending your money and what can be cut out. Discover how you can spend money that will only give you a substantial revenue increase. Being in business is about making money. It seems simple enough, but getting the right data delivered to you will clearly communicate how you can make money in ways you wouldn’t have thought of before. At Grow, we have developed our state of the art BI dashboard with small to medium sized businesses in mind. We want you to thrive, to make money, to not only stay in business but to expand. Contact us today about how our BI dashboard can help your small business grow.