How much does data-driven reporting *actually* help small businesses?
I'm curious to know, how much does implementing data-driven reporting actually help small businesses? I mean, I understand the theory, but in practice, is it really worth the investment in software, training, and the time it takes to analyze all that information? Has anyone seen tangible benefits like increased revenue or reduced costs?
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It's something I have wondered about too, because I know some small business owners who just go with their gut. From my experience, it makes a HUGE difference. Real-time analysis on your business performance can help you make important changes to your strategy. Using a fractional cfo services to set this up is probably key, since they have done this before.