By David Capece, Managing Partner
Dear Mr. CEO,
Everyone likes numbers when they go up, particularly when they yield big bonuses. When things are tough, everyone’s afraid of the numbers and the story that they might tell. Indeed, many businesses are falling short of expectations and losing significant sums of money. Numbers can provide incredible insight to help make better decisions. You can reallocate money to more fruitful ventures and eliminate the losers. Numbers provide a rational perspective to balance emotions and instincts. I understand that instincts can’t be replaced (just look at Steve Jobs), I just want you to consider an analytic view point as another perspective to push your thinking.
I am Ana the Analyst, and I am here to help you manage your business to achieve its potential. When I think about analytics, it’s more than just finance and accounting. Yes those are the basics, but it’s also about understanding your customer, making pricing decisions, analyzing new business opportunities, and long-term strategic planning. While I do love numbers, I also consider business problems from the perspective of the CEO. I try to think like you do to inform decisions. Let me share some suggestion of how I can help you.
1. Market Analysis. There are constant shifts in market dynamics based on customer demand and competitor activity. We should periodically review these changes in market landscape to identify the best opportunities.
2. Business Planning. While we often get consumed in the day-to-day, we must have our eyes set on the future. That means developing a 3-or-5-year plan for our business to set financial and strategic goals.
3. Customer Initiatives. Ultimately, we are in business to serve our customers. I can help us better understand customers through lifetime value analysis, quantitative research, customer acquisition and retention modeling, and much more.
4. Resource Allocations. As the CEO, you have limited resources at your disposal in terms of time, money, and people. I can work with you to help optimize the allocation of resources to gain maximum productivity against the most profitable endeavors.
5. Mergers & Acquisitions. As you grow, we can consider the value of smart acquisitions. Or perhaps, another company will consider purchasing us, in which case I can help ensure that you get fair market value.
As you can see, numbers can provide insight on a range of business initiatives. I have the same goal as you do: to manage a successful business that is pursuing the optimal path of growth.
Yours Truly,
Ana the Analyst
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