The Importance of Accurate Information in Small Business
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The Importance of Accurate Information in Small Business

Learn how every day Information help you make better decisions and Improve your performance.
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
5 students enrolled
Created by Alvaro Santizo
Last updated 4/2015
Current price: $12 Original price: $20 Discount: 40% off
4 days left at this price!
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  • 2 hours on-demand video
  • 1 min on-demand audio
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

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What Will I Learn?
  • Understand Basic Financial Indicators
  • Understand the Type of Information needed to manage effectively
  • Evaluate and Establish Performance Indicators
  • How to Gather Accurate Information (With or Without Special Software)
  • Create a Budget
  • Understand the Importance of Budgeting
  • Get the RIGHT information to help with decision making
View Curriculum
  • Basic Management Skills
  • Basic Excel Knowledge

With all the tools available now a days, companies should have no trouble accessing and analyzing the information they require to make decisions that benefit their success. But somehow, small business owners and people in general, are known for taking guesses or going with their gut feeling. And if you are one of them and are already operating small business, well trust me, you are not alone.

We have to understand that many starting business owners are pretty much relying on their instincts and knowledge to establish and grow a company. And there is nothing wrong with this, there are learning curves in every company; that allow you to gain the necessary experience to determine what type of information will be critical in assisting you to make better decisions.

Do you have a software system or the necessary skills to generate useful information to manage your company and make the right calls?

If you are currently just relying on your instincts and knowledge of the business, well, let me ask you a couple of questions:

  • What drives your business decisions?
  • What type of information do you analyze or have when considering expansions or changes in your business operation?
  • What do you base on when hiring or firing employees?
  • What comparison or evaluation do you realize when considering change of location?
  • How do you track employee productivity?

You may be very organized, have an established business plan, a net and detailed budget and you are ready in any aspect possible.

But what happens if nothing goes as planned? Or if something varies from your initial or established strategy? You may be forced to take educated or logical guesses at those times, and that might help you come up with solutions or options.

When this type of reality strikes you, many are not prepared to adapt. You can have a plan but if you are not able to track progress close enough to react, a small bump in a strategy or a wrong turn can completely ruin your plans and put your company at risk.

Who is the target audience?
  • Small Business Owners
  • Managers
  • Entrepreneurs
Compare to Other Business Strategy Courses
Curriculum For This Course
10 Lectures
Course Content
10 Lectures 01:47:58
Course Introduction

The Importance of Accurate Information Examples and Tips

How Information can Help you make Better Decisions

Information Gathering Examples and Analysis

Information Gathering Examples and Analysis - Key Performance Indicators

Small Business Finance Basics

Basic Budgets + Understanding the Importance + Examples

Budgeting Tips

Thank you!
3 pages
About the Instructor
Alvaro Santizo
4.7 Average rating
9 Reviews
102 Students
6 Courses
Entrepreneur, Business Consultant



BUSINESS MANAGEMENT : Project Management, Planning and Execution, Budget Control – Financial Goals, Team Building - Cost Reduction - Process Evaluation and Improvement

LOGISTICS:Inventory Control, Supply Chain Management – Supplier Evaluation, Cost Reduction

SALES AND MARKETING:Market Development, Client Management, Marketing Campaigns (Local and Regional), Pipeline – Sales – Return on Investment

For the last 10 years I have been working with companies that range from multi national to small businesses owned and operated by individuals or small groups of people.

Companies i have worked with are in fields like: Construction - Logistics - Computer and Software Services - Construction Projects - Restaurants - Hardware Stores - Retail Stores - Beverage Industry - Veterinary Hospital Services.

I have had the privilege of learning from great leaders and not so good leaders (Yes you learn as much from a good one as from a bad one), having worked with and for amazing companies and companies that have struggled to succeed.

Because of that, i have been blessed with the chance to help others, execute ideas, create and develop projects and I have been able to fortunately learn from other entrepreneurs, executives and great people who came to this world to make a difference. Just like you.

I have worked for others, helping them build and achieve their dreams, until i got to the point where I decided i would no longer work for anyone else, and pursue my own ideas and dreams. I have started my own companies, with partners, by myself, even purchased one. And having been fortunate enough to have failed in some and succeeded in others, I have decided to share my knowledge and experience. With small business owners who may be struggling, or simply wanting to explore options to improve; as well as other brilliant entrepreneurs that are developing their own ideas and projects to start their small business.