Getting into your numbers mini-series part 7:
Metrics are the key pieces of information that may be directly or indirectly related to the number you see in your accounts. So when we look at the metrics of your business, we’re not just looking at financial data as in money spent or received.
Some examples of metrics could include number of customers served each week, percentage of clients who are repeat buyers, profit margins of each product or service on offer, most popular service, etc. The important metrics for your business may be similar to, or they may be completely different to someone else’s business.
We’ll work on the premise of, if you can measure something, then you can track it, and you can improve it. We’ll work together to find the key metrics of your business and work out the best way to measure and track them. By improving the important metrics of your business, we’ll increase your profit, give you more time back and lessen the workload.
Are you looking at the whole picture in your business? Or just one or two metrics? If you’d like to simplify and grow your business, and take home more profit, you need to get into these numbers! Email rhoda@rhodagold.com for your free consultation.
Read the next in the series: 8. What’s your business supposed to do for you?