Ratios and understanding the numbers.
Business, besides being fun, is all about the numbers.
And the numbers need to talk to you!
So, let’s start with a little game.
Let’s say you bought an item for a dollar and sold it for two dollars.
Here is where the numbers need to start meaning something to us.
Let me ask you a question?
What is your Gross Profit percentage?
If you answered 100%, you may need some help in your business.
If you answered 50%, you’re spot on!
How do you measure your business and how do you plan for the future?
Do you measure your debtor days?
What is your break-even point?
Do you bench mark your business?
These are all important factors in our business.
For help on these and other really important indicators, give us a call or email us to make a time for us to come and have a chat.
September 28, 2016
May 6, 2016
August 24, 2017