With only a glance, you have instant access to your car’s dashboard, displaying exactly what you need to know to diagnose a problem and determine what action to take next: fill the gas tank, change the oil, check the engine, or adjust your speed.
Your doctor uses a dashboard where she tracks lab results, examination notes, and your comments. That dashboard empowers her to diagnose and recommend treatment. In addition, successful business owners use dashboards. They track their business’s KPIs (key performance indicators) so they can diagnose problems, identify opportunities, and make good decisions. If you own your law firm, you’re a business owner too and need your own dashboard.
In fact, you’re not just a business owner, you’re a CEO. Tracking your numbers empowers you to make good decisions and know what to do when. For example, wouldn’t it be nice to know what needs to be tweaked to increase cash flow? Or, wouldn’t it be nice to how much you can draw from the firm without worry? Or, wouldn’t it be nice to not throw money at something that’s unnecessary? Dashboarding works in firms of all sizes and even for individual attorneys who want to think entrepreneurially, increase revenue, and build the department or law firm and life they love.