fbpx As a small business owner, you know the importance of tracking and analyzing your data. But in order to make the quick, real-time business decisions, you have to be looking at your data on a regular basis and adapting to what it’s telling you. At times, it can be hard to know which data points can help you make the best decisions for your business. Starting with these three data points can help you get a grip on analyzing your data and start putting it to work! High-selling items that are low in stock. Knowing what items are your best performers and when they are most likely to sell can change the way you do business. Keep your eye on this type of item to be sure you’re restocking your item at the right time. You don’t want to find yourself in an item’s peak selling time without the right amount of stock on hand for your customers. Low-selling items that have been in stock too long. Inventory that has been on the shelf too long is a problem for your bottom line. Make sure you are identifying which items aren’t selling well and marking them down to clear space for inventory your customers actually want. Items that have recently taken off in sales. Items that were top sellers last month may not strike a chord with customers this month. Whether it’s seasonality or a new trend, you always want to be in the know about which items are taking the top selling spots in your stores. This way you can quickly restock these items, rather than putting your money towards inventory that has stopped selling. Interested in learning more about using technology to grow your business? Check out our How to Grow Your Business with Technology guide.