Growing Tech Businesses Track Key Results,
Positive & Negative. 👊

1. What happens if you don't see Trouble coming?

When you see a troubled Tech company with a hard-working & talented CEO, it's usually because they didn't see trouble coming until it was too late. (Negative trends, Cash issues, others)

[This case is about Metasys, a fast-growing tech company from many years ago.]

The CEO, Patrick Thean woke up at 2:00AM one night in a cold sweat!

His gut told him something was wrong. Even though the company was growing fast, & profitably-
CEO Patrick felt there might be blind spots that could put the company at risk.

However, he couldn't tell what was wrong. Not from staff meetings...not from dept. managers.

He REALLY wanted to avoid being blindsided. 

2. Challenges

As tech firms do well and grow, it's harder to keep track of all activities. This case shows there could be dangerous trends (expenses, changes in revenue or production) that you don't see. What you don't see can damage your business.

3. Solutions

CEO Patrick set up a Dashboard- a system where all departments would report activities in detail, every week. The company tracked deadlines, project status, & important events.

If a deadline was missed, managers investigated the reasons. If results didn't meet plans, detailed explanations had to be given.

Turns out that Patrick's gut was right...they had missed important issues. With the Dashboard, problems were now easier to identify. This led to problems getting fixed before serious damage hit the company.

4. Summary

Here's a quick summary of steps that produced the great results for the company:
1) Ask the right questions. 
2) Measure & track ALL the right things, with numbers. 
3) Get explanations when minimums & deadlines are not met.
4) Get professional help to set up the Dashboard system. Get regular reports.

Would you like to know how a Dashboard could be set up at your company?

Do you meet the minimum criteria below? Our firm can best help the companies described below:

• Does your tech firm generate revenue?

• Is your firm growing? (Or has specific plans to grow?)

• Do you have more than 3 employees?

If yes, click: https://meet.growsmartfinances.com/digital-coffee