The lifeblood of your business -- your daily financials |
"...have everyone track their numbers." Portland (OR), Pasadena (CA) and Vernon (TX): Keeping track of business... it is the job of everyone in a business and the best way for everyone to do it is to read, grasp and act on those monthly financial statements. If you share that information and give everyone bottom line accountability through the key ratios, your business will rally. You'll see the impact day by day (even hour by hour). In this episode you meet three small business owners. Two have gotten control of their financials and one is working to do better. If you do not track your numbers, you may unwittingly be heading for trouble. That's tough talk, but your numbers are the heartbeat, the blood pressure, and cholesterol count of your business. You need to know how well the synapses are firing between you and your customers, your employees, suppliers... it is all there in the numbers. Go to all the Key Ideas and Video for this episode... Here are more insights from Jim: Staying Power, Ref: e1602p1017 |
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Number crunching. We all have to do it. An entrepreneur always has four choices:
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