You may also choose to use this type of performance report as a marketing tool to get people, particularly potential investors and customers, excited about your company—if the financial numbers are in your favor.
Publicly traded companies are required by law to submit annual reports to the Securities and Exchange Commission (SEC).
Moreover, with someone else handling your business reports, you can spend your valuable time implementing the results of your analysis to further grow your business.
An online service provider can give you the help you need as well as the peace of mind knowing the reports are being done correctly. Last wills and living trusts can accomplish similar objectives.
The table of contents lists the main topics the report covers and the page on which that information may be found.
The introduction sets the stage for what is included in the report.
Do you panic at the thought of writing a business report?
If you feel yourself panicking, just remember the immortal words of Joe Friday from the TV show Dragnet: 'Just the facts, ma'am, just the facts.' Business reports are all about the facts.
This type of report doesn't have to be complicated and, in fact, it can even be a simple checklist.
If you want something a bit more involved, you can compile an inventory ranking report, which can show you how well your products sell compared to the overhead cost of keeping them in stock.