Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
Have you ever noticed when you want to bring more understanding to something, you explain it in numbers? For example, on a scale of one to ten, how did you like that movie? What do you think the percent probability is that you’ll get that client? How was the turn out at your webinar? A numerical answer to these questions brings a greater understanding than if you answered the questions without numbers. My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. Numbers bring clarity to all things, especially in business. Numbers create a greater understanding of why certain business conditions exist, or the mere discovery of a problem in a certain area of business. Tracking metrics is the perfect tool to bring clarity and understanding to your business. Metrics are financial parameters that evaluate the performance and productivity of a business. And remember, the most successful business owners know their numbers!