How to Boost Your Firm’s Profitability through Data-Driven Decision Making with Kate Eberle - 388

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.<br/><br/>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 Introduction1:14 About Kate 4:49 Visibility and Understanding Operations7:43 Starting Points to Understand Your Business Better12:10 Why You Should Track Processes16:22 Puzzling the Pieces Together21:50 Business Intelligence and Manual Calculation24:50 Using Excel and BI32:17 On Important KPIs34:23 Increasing Your Profit Margin43:45 Enhance Profitability through Data-driven Decision Making46:57 Kate’s Advice<br/><br/><br/>Resources mentioned:Subscribe to Profit with Law’s Youtube channel for exclusive content!Want to implement what you’ve learnt in this episode? Download the Action Guide, a workbook designed to help you process and implement the knowledge gained from this interview.Learn more about the Profit with Law Elite Coaching Program here. Connect with Kate: LinkedInLearn more about Blue Margin<br/>Get $750 off your first virtual assistant onboarding when you sign up with Get Staffed Up through www.profitwithlaw.com/getstaffedup.Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear<br/><br/>Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/<br/>To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.<br/>Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/<br/><br/>