Source: Dumb Little Man
The first time I thought about the success of various big organizations, I used to feel that their success was just a result of some huge luck. I also thought that the founder of those organizations had a lot of money in stock before they started their businesses.
I started studying what could have led to their huge success and how they were able to maintain their growth in today’s most challenging business era.
This is when I realized the strategic utilization of business analysis.“If you invest more in analyzing your business challenges today and identifying the most effective solution for future challenges, one day, you will not have to struggle, but will sit in one place and watch your hard work pay off.” -Chidiebere Moses Ogbodo
The reason I admire the job of business analysts is that those experts understood and learned from yesterday’s businesses and they apply tried and tested ideas with today’s trends. Isn’t that awesome?
I will explain the three factors of an effective business analysis, but before that let me share a story with you.
On a good Friday morning, I was walking down the street of Amagu Akegbe Ugwu. I met a good friend of mine who was running a supermarket.
You know how lucrative this business can be especially when it is in a target area and you are providing what the people need and with good discount rates.
I asked him how his business was going and he replied that it’s not so good. He has invested a huge amount of money and hardly gained a good return on his investment.
I thought for a while and asked again if he had the time to think of what could be the reason for such challenges.
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