𝐁𝐞π₯π₯𝐒𝐧𝐠 𝐭𝐑𝐞 π‚πšπ­

The story β€œBelling the Cat” tells of a group of mice who are stalked and tormented by a cat. A young mouse proposes putting a bell on the cat but is not willing to volunteer to do it.

Business owners often wonder how to β€œbell the financial cat” or to find someone with the experience and expertise to do it for them. They need a way to limit damage via a Financial Alert System.

The system can consist of monthly statistics called Key Performance Indicators (KPIs).

A financial expert (Controller or CFO) can identify the right KPIs to follow and report to the management team. He or she can β€œbell the cat.”

π‡πžπ«πžβ€™π¬ 𝐚 𝐜𝐚𝐬𝐞 𝐑𝐒𝐬𝐭𝐨𝐫𝐲:

β€’ 𝐴 π‘π‘œπ‘šπ‘π‘Žπ‘›π‘¦ π‘€π‘Žπ‘  π‘’π‘›π‘—π‘œπ‘¦π‘–π‘›π‘” π‘Ÿπ‘’π‘π‘œπ‘Ÿπ‘‘ π‘žπ‘’π‘Žπ‘Ÿπ‘‘π‘’π‘Ÿπ‘™π‘¦ π‘ π‘Žπ‘™π‘’π‘  π‘Žπ‘›π‘‘ π‘π‘Ÿπ‘œπ‘“π‘–π‘‘π‘ .

β€’ π΅π‘’π‘π‘Žπ‘’π‘ π‘’ π‘‘β„Žπ‘’π‘–π‘Ÿ πΆπ‘œπ‘›π‘‘π‘Ÿπ‘œπ‘™π‘™π‘’π‘Ÿ π‘π‘Ÿπ‘œπ‘‘π‘’π‘π‘’π‘‘ π‘šπ‘œπ‘›π‘‘β„Žπ‘™π‘¦ 𝐾𝑃𝐼𝑠, π‘šπ‘Žπ‘›π‘Žπ‘”π‘’π‘šπ‘’π‘›π‘‘ π‘€π‘Žπ‘  π‘Žπ‘™π‘’π‘Ÿπ‘‘π‘’π‘‘ π‘‘π‘œ π‘‘β„Žπ‘’ π‘“π‘Žπ‘π‘‘ π‘‘β„Žπ‘Žπ‘‘ π‘‘β„Žπ‘’π‘–π‘Ÿ π‘œπ‘Ÿπ‘‘π‘’π‘Ÿ π‘π‘Žπ‘π‘˜π‘™π‘œπ‘” β„Žπ‘Žπ‘‘ 𝑑𝑒𝑐𝑙𝑖𝑛𝑒𝑑 π‘“π‘œπ‘Ÿ π‘‘β„Žπ‘Ÿπ‘’π‘’ π‘π‘œπ‘›π‘ π‘’π‘π‘’π‘‘π‘–π‘£π‘’ π‘šπ‘œπ‘›π‘‘β„Žπ‘ .

β€’ π‘‡β„Žπ‘Žπ‘‘ 𝑙𝑒𝑑 π‘‘β„Žπ‘’π‘š π‘‘π‘œ 𝑖𝑛𝑠𝑑𝑖𝑑𝑒𝑑𝑒 π‘ π‘Žπ‘£π‘–π‘›π‘” π‘šπ‘’π‘Žπ‘ π‘’π‘Ÿπ‘’π‘ .

β€’ π‘Šπ‘–π‘‘β„Žπ‘–π‘› π‘‘β„Žπ‘Ÿπ‘’π‘’ π‘šπ‘œπ‘›π‘‘β„Žπ‘ , π‘ π‘Žπ‘™π‘’π‘  π‘“π‘œπ‘Ÿ π‘‘β„Žπ‘–π‘  π‘π‘œπ‘šπ‘π‘Žπ‘›π‘¦ π‘Žπ‘›π‘‘ 𝑖𝑑𝑠 π‘π‘œπ‘šπ‘π‘’π‘‘π‘–π‘‘π‘œπ‘Ÿπ‘  β„Žπ‘Žπ‘‘ π‘“π‘Žπ‘™π‘™π‘’π‘› 𝑏𝑦 π‘œπ‘£π‘’π‘Ÿ 25%.

β€’ π‘‡β„Žπ‘–π‘  π‘π‘œπ‘šπ‘π‘Žπ‘›π‘¦ π‘€π‘’π‘Žπ‘‘β„Žπ‘’π‘Ÿπ‘’π‘‘ π‘‘β„Žπ‘’ π‘–π‘›π‘‘π‘’π‘ π‘‘π‘Ÿπ‘¦ π‘‘π‘œπ‘€π‘›π‘‘π‘’π‘Ÿπ‘› π‘π‘’π‘‘π‘‘π‘’π‘Ÿ π‘‘β„Žπ‘Žπ‘› 𝑖𝑑𝑠 π‘π‘œπ‘šπ‘π‘’π‘‘π‘–π‘‘π‘œπ‘Ÿπ‘ , π‘π‘Ÿπ‘’π‘ π‘’π‘Ÿπ‘£π‘’π‘‘ π‘Ž π‘ π‘œπ‘™π‘–π‘‘ 𝑙𝑒𝑣𝑒𝑙 π‘œπ‘“ π‘π‘Ÿπ‘œπ‘“π‘–π‘‘π‘Žπ‘π‘–π‘™π‘–π‘‘π‘¦, π‘Žπ‘›π‘‘ β„Žπ‘Žπ‘‘ π‘“π‘’π‘€π‘’π‘Ÿ π‘™π‘Žπ‘¦π‘œπ‘“π‘“π‘  π‘π‘’π‘π‘Žπ‘’π‘ π‘’ π‘‘β„Žπ‘’π‘–π‘Ÿ π‘’π‘Žπ‘Ÿπ‘™π‘¦ π‘€π‘Žπ‘Ÿπ‘›π‘–π‘›π‘” π‘’π‘›π‘Žπ‘π‘™π‘’π‘‘ π‘‘β„Žπ‘’π‘š π‘‘π‘œ π‘‘π‘Žπ‘˜π‘’ π‘Žπ‘π‘‘π‘–π‘œπ‘› π‘π‘’π‘“π‘œπ‘Ÿπ‘’ π‘ π‘Žπ‘™π‘’π‘  𝑑𝑒𝑐𝑙𝑖𝑛𝑒𝑑.

Have you had a similar experience? I’d love to hear about it.

Or if you want to discuss how KPIs can help your business, give me a call at 203-221-3233. The company in the story was one of our clients. We placed the savvy Controller who saved the day.

Together, we can find the right professional to monitor your financial situation and put a bell on the financial cats that may be stalking you.

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