The report analysed over 800 business owners from 47 different countries within the ages of 20-90 years.

The report saw that successful businesses utilized three main ingredients to create success.

The report at a glance:

Ingredient 1: Vision

42% of businesses had a written description of the desired future state of thir business.These businessses grew 50% faster in 2011,were more optimistic about the future,and wee 30% larger .Their owners also took home 25% more in compensation.

Ingredient 2: Plan

There was a direct correlation between the extent of revenue planning and how a business grew in 2011.Businesses that had a written plan with accountable individuals grew faster bthan businesses with no revenue plans.

Ingredient 3 : Data

Businesses that regularly measured and reviewed progress towards their objectives consistently out-performed those that did not.

Business owners who use their balance sheet and income statement to make decisions earned 60% more and were 45% larger.
Business owners that tracked business metrics at least once a month earned 60% more and were 80% larger.

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