Why You Absolutely Must Monitor Your Past Business Trends

If you’re a business owner, it’s important you realize just how important monitoring your past business trends is. If you don’t monitor these trends carefully, you’ll struggle to see what’s worked for you and even where you should take your business in the future. Here’s why you absolutely must monitor your past business trends:

Know What Your Clients Want

Wouldn’t you love to have a crystal ball and be able to tell exactly what your clients want? Good news, you don’t need a real life crystal ball to do this at all. You just need to monitor your past trends. By keeping a close eye on these trends, you should be able to figure out what you clients will need in the future. You may have to think outside of the box, but if you’re smart, you’ll be able to work something lucrative out.

Work Out Where To Go In The Future

Monitoring past business trends will also help you to figure out where to go in the future. Comparing these trends can help all kinds of businesses to figure out the right path to take. However, you’re going to need all of your trends easily accessible and comparable in one place. One popular place to do this is Excel. The spreadsheet format is easy to use and you can import files here so everything is exactly where you need it. Take a look at the infographic below if you want to learn 7 Excel tricks all office workers should know:

credit to STL

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