A guide to analyzing trends in your business
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Continuing on the theme of financial analysis this week – we've already dug into the Monthly Financial Review and Rolling 12-Month Analysis – this week we'll work on spotting trends in our business...
A recap from last week's Financial Review post – we're honing in on #3-5 from that checklist:
Spot Trends in Your Business with Simple Visuals
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Use visuals to spot trends and patterns
There are only 3 ways to convey information:
- Words
- Pictures
- Numbers
If we rank them from easiest-to-hardest-to-understand, then it probably goes: 1) pictures, 2) words, 3) numbers. So why are we exclusively using numbers to understand our financial po...