Link KPIs to Business Plan

Dear Accountant,

Step 14 tracking the business plan

In my last post I outlined how line managers report on the strategies that implement their parts of the business plan. But this mix of historic and future reporting leaves a gap i.e., “what’s happening right now that really matters?”
 
The answer is Key Performance Indicator (KPI) reporting to keep the CEO abreast of current whole business performance, giving early warning of trends. This feature of reporting is so well known that many practices are into it without bothering to do the equally essential budgeting, management accounting and business plans.

These are ‘boiler plate’ KPIs that match the business plan template and should be modified to suit the business, so in my next post I’ll show how to simplify KPI reporting.
 

With kind regards from

Duncan

Founder

This third series of posts reveals the steps needed to progressively evolve a practice into a business advisory business by learning to ‘take its own medicine’ first.
See the overview here https://www.runagood.com/consultancy and if you wish to jump ahead to see what’s coming, ask here or to see what’s already been posted here.

Duncan Collins founded Runagood® to make practical solutions affordable for owner managers via accountancy practices, profitably, by pioneering AI. He has automated the 000’s of consultancy techniques he learned the hard way during 60 years of running, helping, buying, selling one million businesses large and small. Ask him anything, anytime for free at duncan@runagood.com.

The ‘Runagood® Business Pathway’ takes any client from start up to exit solving their every ambition and problem along the way.
…via a National Accountant Network.