Recently, we looked at the importance of measuring your own performance at a Mesa auction. This month we want to take a look at what to do with those measurements. Business metrics or measures are a great way to see if your current method of approach is effective or needs some adjustment. A common metric usage is lots per hour which measures the speed of a Mesa auction auctioneer. However a more effective metric could be sales per hour which allows you to see profitability of an auctioneer.

There are many metrics for your business that may make better sense then the ones mentioned. The idea of a metric is to make your business operation as efficient and profitable as possible. Using metrics on a monthly basis allows for better planning and more strategic business decisions. Tracking profitability of a certain type of a Mesa auction allows you to make an informed decision about accepting such an auction in the future or actively looking for a very profitable type of Mesa auction.

In our company we use twenty-three different metrics to measure our performance at a Mesa auction, including website, bidder, seller, sales, profit, advertising dollar, payroll, benefits, sales staff, marketing and overhead statistics. These metrics allow for us to plan for our future and quickly correct negative trends or push our positive trends.

Metrics are quantifiable ways of measuring performance, what it less deliberate are the soft touches of a business. For example what have you done in the past year to provide learning and growth opportunities for your employees? What do your buyers and sellers say about you when you aren’t listening? What is the overall reputation of your Mesa auction company? Are you a trusted member of your business community? All of these questions are true measures of the success of your company as well.

W.E. Deming, the great economist once said, “You can only control what you can measure.” Wise words indeed because if you aren’t measuring your business you know not whether you are moving forward or backward. Often times as business people we are caught up with the idea that profitability is the only measure of success. If this is true than why did so many profitably fastener companies go out of business when Velcro was introduced? Not measuring a Mesa auction company or other company by its many variables give you a false idea of the business structure.

So if you aren’t using metrics at your Mesa auction house begin today, possibly only measuring three different areas of your operation. Metrics will make sure that this year, your Mesa auction house measures up.

Business metrics or measures are a great way to see if your current method of approach cialis sale is effective or needs some adjustment. By using different types of metrics such as website, bidder, Viagra Jelly seller, sales, profit, advertising dollar, payroll, benefits, sales staff, marketing and overhead statistics to measure the performance of a Mesa auction, you will be able to plan for the future and quickly correct negative trends or push your positive trends.

Author Bio: Deb Weidenhamer is cialis price CEO of Auction Systems, the Southwest’s most active auction and appraisal company. Check out our Mesa auctions, or call 800-801-8880 for more information.

Category: Culture and Society/Consumer
Keywords: Mesa auctions