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. Click here to make an appointment
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