Monday, August 30, 2010

Look into the future by asking "What if . . ."

Have you ever made a decision which didn’t turn out as hoped? It's OK. Everyone has. When faced with difficult decisions, I’m sure most wish they could peak into the future to make the right choice. If you’ve ever felt like that with difficult business decisions, I have something that will help.

No, sadly you still can’t see into the future. But, I’d like to introduce the next best thing for businesses: The m-Power what-if analysis report!

The what-if analysis lets you assess potential business changes before you make them. Using past data, you can see how different changes would affect various aspects of your business. For example, what if you raised prices by 10%? How would that affect overall sales? What if you lowered prices resulting in an increase in quantity sold? You get the picture.

If you want to try it for yourself, check it out here. Move the sliders in either direction and watch as the report automatically updates based on your actions. Also, you’ll notice that the cells are color coded. If a change negatively impacts your business, the cell turns red. If it’s a positive change, the cell turns green. Feel free to play around with it and let us know what you think!


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