How to Boost Your Firm’s Profitability through Data-Driven Decision Making with Kate Eberle - 388
Profit with Law: Profitable Law Firm Growth
Shownotes can be found at https://www.profitwithlaw.com/388.
How much value do you put on visibility and business operations? These two are essential for sustainable business growth, especially for firms. However, this can be challenging if you don’t have a plan and the proper tools. Fortunately, through consistent tracking, leveraging business intelligence tools, and focusing on critical KPIs, you can make data-driven decisions to enhance operational efficiency.
In this episode, Kate Eberle joins us to talk about the transformative power of business intelligence. She shares valuable insights about understanding your business better and manually monitoring operational processes. Kate also discusses the crucial role of BI in making data-driven decisions that lead to increased profitability.
If you’re seeking practical ways to steer your businesses toward success, be sure to tune in to this episode.
00:00 Introduction
1:14 About Kate
4:49 Visibility and Understanding Operations
7:43 Starting Points to Understand Your Business Better
12:10 Why You Should Track Processes
16:22 Puzzling the Pieces Together
21:50 Business Intelligence and Manual Calculation
24:50 Using Excel and BI
32:17 On Important KPIs
34:23 Increasing Your Profit Margin
43:45 Enhance Profitability through Data-driven Decision Making
46:57 Kate’s Advice
Resources mentioned:
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