4 Ways to Use Business Intelligence in Your Company

Smart companies are adopting new technologies, such as business intelligence to get ahead. This helps them take advantage of opportunities, quickly respond to challenges and overcome threats.

According to inc.com, analyzing data can help transform performance, boost revenue, increase profits and improve customer satisfaction and retention.

Many companies are using business intelligence (BI) software to do this. BI is one of the quickest and easiest ways to analyze company data leading to better business decisions.

Companies generate lots of data on a daily basis. This data includes information about sales, marketing, inventory and finance.

Business leaders often rely on experience and ‘gut-instinct’ to make decisions. However, it’s important to know how to use company data to make ‘fact-based’ decisions and reduce human error.

Fact-based decision making enables companies to adjust to changes in their industry. A good BI solution makes this easy and available to anyone, not just IT experts.

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IN GOOD COMPANY: 15 successful Australian entrepreneurs share the best advice they ever received

The In Good Company series gives you an inside look into how leading Australian businesses have achieved success. At Bankwest, we believe that good relationships lead to great businesses. Watch our client success stories at bankwest.com.au/ingoodcompany.
Bankwest

Intrinsically driven to innovate, find solutions, create new things and be the best, entrepreneurs are a special breed.

But being successful often relies on more than just motivation and ingenuity. Usually, behind a great business person is great advice.

Whether it be from a mentor, loved one, or educator, entrepreneurs often have wisdom to fall back on in times of need.

Business Insider recently reached out to 15 successful entrepreneurs about the best advice they’ve ever received. Here’s what they had to say.

David Rohrsheim, general manager of Australia and New Zealand at Uber.

“In order to become a genius, you must first risk being seen as a fool.”

Rohrsheim says: I learned

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Company Description Example

Here’s an example using our fictional company called Terra Engineering .
The company description is used to give your reader an understanding of
what it is you do. 

who, what, where, when, how graphciThe Company Description Example Should Distill the Basics of the Business Plan Into One Simple, Clear and Easy to Understand Statement.



Sample Company Description

man writing company description on pad

Terra Engineering is a new company that will provide
high quality technical and environmental engineering services to it’s
clients. Terra Engineering is scheduled to begin operations on July 16,
2005. Terra Engineering will be a partnership, owned and operated by
Norm Johnson and Rupert Smith.

Mr. Johnson and Mr. Smith both have left
their respective jobs in order to specialize in environmental
engineering consulting to small and medium sized businesses.

Mr Johnson’s previous employment was with Randolf and Associates
acting as an environmental engineer. Mr. Smith’s previous employment was
with Barnard and Barry Environmental acting as chief environmental

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Finance company | financial institution

Finance company, specialized financial institution that supplies credit for the purchase of consumer goods and services by purchasing the time-sales contracts of merchants or by granting small loans directly to consumers. Specialized consumer finance agencies now operate throughout western Europe, Canada, the United States, Australia, Japan, and some Latin American countries. Although they existed in the early 1900s, their greatest development came after World War II.

Large-sales finance companies, which operate by purchasing unpaid customer accounts at a discount from merchants and collecting payments due from consumers, were a response to the need for installment financing for the purchase of automobiles in the early 1900s. Ally Financial, for example, was established as the General Motors Acceptance Corporation (GMAC) in 1919 to purchase automobile accounts receivable from car dealers who were themselves unable to finance time purchases. Many companies in both Europe and the United States continue to specialize in

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