Author: chase@allenops.com
-
How benchmarking against your Item 19 reduces risk, improves franchise support, and increases royalties
When I first entered the franchising space, two things were surprising. The first: franchising is very litigious and expensive. Everything is a contract and everyone is expected to play nice and within the confines of these documents. Second: tracking compliance and performance of franchise units is often relegated to spreadsheets. These spreadsheets are then passed…
-
Understanding Data Analytics and Its Importance for Businesses
In today’s data-driven world, businesses of all sizes are increasingly relying on data analytics to measure their success and make informed decisions. Data analytics refers to the process of examining and interpreting large sets of data to uncover patterns, trends, and insights that can drive business growth and improve overall performance. What is Data Analytics?…
-
Time is Money: How Data Analytics Saves Small Businesses Big
Running a small business is a constant chase against the clock. Every minute spent deciphering spreadsheets or wading through endless reports is a minute stolen from growth, innovation, and customer service. But what if there was a way to unlock hidden insights from your data, gain a crystal-clear understanding of your business, and free up…
-
DIY Data Analytics for Small Businesses: A Toolbelt for Insights without Breaking the Bank
Forget the days of drowning in spreadsheets and feeling lost in a sea of data. Even the smallest of businesses can harness the power of data analytics to understand customers, optimize operations, and make informed decisions that drive growth. But where do you start? Navigating the tech landscape can be daunting, and expensive solutions aren’t…
-
How Automated Reporting Saves Time for Busy Small Businesses
Running a small business is a whirlwind. You wear multiple hats, juggle countless tasks, and constantly strive to move the needle forward. But one thing often gets lost in the daily grind: valuable data. Buried beneath a mountain of spreadsheets and reports lies a treasure trove of insights that can transform your business. The problem?…
-
How Business Intelligence Empowers Small Businesses
Running a small business is all about making smart decisions. But with limited resources and a constant barrage of information, it’s easy to rely on gut instinct. Here’s where business intelligence (BI) comes in – your secret weapon for transforming hunches into data-driven decisions. What is Business Intelligence? Think of BI as a magnifying glass…
-
5 Reasons to Use a Data Warehouse Instead of a Spreadsheet for Business Data Management
As businesses grow, so does the complexity of managing and analyzing their data. While spreadsheets might be the initial go-to solution for data management, they quickly become unwieldy for large-scale operations. This is where a data warehouse comes in. Here are five compelling reasons to use a data warehouse instead of a spreadsheet for managing…
-
Why Every Business Needs a Data Glossary
During my time as a data analytics professional and data engineer, one thing that has always struck me as very interesting is the way that different businesses define the same terms. Things such as revenue, cost of goods sold, a lead, and a won opportunity can all be defined in numerous unique ways. In fact,…
-
Leveraging Data to Drive Business Value and Decisions
What is the importance of data-driven decision making in today’s competitive market? By providing deeper insights, improving efficiency, mitigating risks, gaining a competitive edge, fostering customer-centricity, driving innovation, and making evidence-based choices, data empowers businesses to thrive and succeed in the market. Businesses embarking on data-driven initiatives often encounter challenges such as data quality issues,…