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Caffeine-enhanced data

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This is a chalkboard a friend of mine sent me from a coffee shop in England.

I’m keen on any kind of data, especially when I can pore over it with an ample supply of coffee. But what I like most about this is that the shop is explaining to customers (and employees) in real time how business is going, and how much they’re making.

It’s sort of like the 100 penny story: Your crew leader is complaining about how you never buy new equipment/pay him poorly/etc. So you sit down at your desk and pour out 100 pennies. You show him how many it takes to pay for wages, how much for overhead, how much for marketing. At the end of the story, you’ve (basically) organized your annual budget in tiny piles, and your crew leader has a better understanding of where all your revenue goes.

I hear from a lot of owners who say they wish their crews would think like more like them – worry about the P&L and understand how their actions in the field each day effect the company’s bottom line.

Something like this might not be a bad idea.


July 9th, 2013 at 8:15 am

Posted in business

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