With a Balanced Scorecard you will be able to identify poor performing areas within your business, improve inefficiencies and monitor progress. Before you get started it is very important that you familiarize yourself with your company's vision and/or mission statement.

You need to know what the desired outcomes or targets for your business are before you can start to measure performance. Do you want to grow your turnover with 20% in the next 6 months or do you want to expand your business within the next 12 months?