Have you ever had someone approach you speaking a different language than you? You know the frustration of trying to understand what they’re saying as they gesture and point.
That’s how most accountants talk to their small business owners. Or they bring out a fancy looking dashboard with lots of gadgets and numbers that look like the cockpit of a 747.
Less 10 % of small business owners want or need something that fancy. Most of the data is overkill and it makes it harder to see the real picture of your business.
Wouldn’t it be great if you could just boil it down to 7 simple numbers that make sense to you?
I do to……
That’s why we’re going to talk about the 7 Simple numbers that you can track (easily) that will keep your business from growing out of control.
7 Simple Numbers that Help Your Business Grow
Tracking your numbers will help you reach your goals quicker. That’s why in the 7 Simple Numbers series we’re going to discuss each one in detail and how it can help you see your business in a new light.
- Break-Even Point
- Money In (Revenue)
- Money Out (Expenses)
- Direct Labor Cost
- Management and Admin Labor Cost
- Core Capital Fund
- Profit and Profit Margin
I know you’re asking yourself
“Why is Profit Last?”
If you don’t know the first 6, you won’t know your numbers and it will be harder to get your business to a profitable and sustainable company..
In the 7 Simple Numbers Series, we’re going to talk about each of these numbers.
We’re going to discuss what each of them means to you
And….
How to track them easily without a headache
To your business Success
Andrea