What gets measured gets managed.
That’s why measuring is the starting point of effective financial management in your business.
It can take a lot of forms, but the bottom line is you want to measure what’s important in your business – and that may not be the same as what’s important to someone else’s business.
Your key metrics will be different based on the type of business you have, the industry you’re in, and your unique strategic plan.
In this episode of the TurboCharge Your Business Podcast, explore how to measure what’s actually important, communicate key data to your team, compare numbers to key benchmarks, understand what’s causing your numbers, and make decisions based on your analysis.
Because this work isn’t just for your CPA or your CFO to know. It’s critical for you as the business owner to understand the numbers, too.