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Keeping statistics

I don’t think that there is any one trait that defines whether one is successful or not, but there are certainly things that I look at, because I know that they worked for me.  I have always been a keeper of statistics.  

For example, when my practice first opened I used to keep statistics every week as to how much post I received.  I used to average about 35 items of post a week and by that I mean all incoming correspondence, so it would be almost impossible to track now because you would have to include e-mails to all staff.  It does give one a good sense though as to how one’s business is growing.  I now use a sophisticated computer system in our offices which we refer to as E-file to track a lot of statistics for me, but I also have staff members who keep statistics for me such as what the absentee rate is at our firm, staff turnover and the like.  Statistics have always interested me and while that can certainly be designed and interpreted to often twist reality, I find it very useful.  I love to see which of my staff members keep statistics and which do not and we even keep statistics on the advocates that we use – such as what their average settlement rate is and how much the average case they handle is settled for.  Overseas, for example, in the UK, there is a lot of attention given to those statistics when it comes to doctors.  That obviously helps, for those who like to do research, to discover which doctor has had the lowest death rate from a certain procedure – so one must not just dismiss statistics, despite the fact that used incorrectly they can be manipulated.

Posted by Michael de Broglio on Tuesday 19-Apr-16 Share on Facebook   Tweet It

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Comments

Daniella  said:
on Thursday 28-Apr-16 09:00 AM
Before I rarely used statistics but these day I find myself using them more and more

Natasha  said:
on Friday 22-Apr-16 03:55 PM
Statistics are a great way to keep track of everything and anything, Loved doing Statistics in school

Joyce  said:
on Thursday 21-Apr-16 03:29 PM
I think keeping statistics it's helpful, one can always refer and compare to the kept statistics

Suzanne  said:
on Wednesday 20-Apr-16 12:47 PM
I do think that keeping statistics is a major part of running a successful business. You will never know how well / poor you are performing without it.

Melissa  said:
on Wednesday 20-Apr-16 07:21 AM
Statistics is a good way of keeping track of everything...

Melissa P  said:
on Tuesday 19-Apr-16 04:29 PM
Statistics can help you keep track of anything and everything in life. You can track your progress at work and in your personal life. It's an easy way to see if you have been working harder or slacking in some areas.

Charlotte Harding  said:
on Tuesday 19-Apr-16 09:49 AM
Statistics help me keep track of my monthly spent on groceries and my budget overall. It's a good way for me to keep an eye on over spending. It's also a great tool to use to see how the price of things increase every month, and when "bargain buys" took place.

Zanell  said:
on Tuesday 19-Apr-16 08:48 AM
I think statistics can tell us a lot. It is very helpful in keep track of how well your business has done every year, but when you look at statistics you also need to take other things inconsideration, such as reasons as to why these statistics have dropped or increased for eg you will have more people absent in winter because of flu then you would in summer ect

Daria  said:
on Tuesday 19-Apr-16 08:37 AM
Statistics are a great way to keep track of everything and anything. One can apply statistics to almost everything they do on a daily basis.

Prishani   said:
on Tuesday 19-Apr-16 08:00 AM
I definitely think statistics are helpful when they are correctly determined and also when the correct information is used. I think people react more positively to statistics, because it actually shows that the information was properly evaluated in order to give the most accurate results.

Kaylee  said:
on Tuesday 19-Apr-16 07:57 AM
I am big on statistics, its a great way to monitor your progress in work and other aspects of your life. I keep stats on both my work and my fitness progress.

Jessica Apfel   said:
on Tuesday 19-Apr-16 07:52 AM
Statistics are a good indicator but should only be regarded as that - an indicator. We see how statistics that pertain to the population are generally not very holistic. But on the other hand, stats within our firm helps us track our progress and keep us up to speed.

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Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
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