To successfully scale, small business owners need to have a keen understanding of their profit margins, employee utilization rates, cash flow projections, and other key business metrics. Utilizing data analysis for real-time metrics reporting can help businesses strategically scale and grow.
Join Sarah Krom and her guest speaker, Ryan Warnet, CPA, MSA, Data Analyst, as they unpack Data Analytics for Small Businesses; why it can differentiate you from your competitors, the value of being a data driven organization, and why it is critical for business management and growth.
Key takeaways from this session include:
- Defining data analytics and why it is important for your business
- Why the data driven approach?
- Excel versus Power BI - when to use each
- Understand the data driven process: identify the problem, analyze your data, create insights, find solutions