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EP 65: Why it's important as a business owner to know your numbers?
Knowing your number's as a business owner is important because it keeps you organized, prepared, and detailed.
Even in the case when you are looking to invest in small business, you need to know these number's to see if it's a worthwhile investment.
Such as cash flow, gross margins, net profit, customer acquisition cost, etc. Kevin discussed why knowing your number's helps you with understanding the profitability of your company, as well as any improvements that need to be made.
He also explained how these indicators can help you identify strengths, weaknesses, and opportunities for your company.
Buzzsprout link to start your own podcast: https://www.buzzsprout.com/?referrer_id=1305358
LinkTree: https://linktr.ee/insightfulprinciples
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By Kevin N Jenkins
5
22 ratings
Knowing your number's as a business owner is important because it keeps you organized, prepared, and detailed.
Even in the case when you are looking to invest in small business, you need to know these number's to see if it's a worthwhile investment.
Such as cash flow, gross margins, net profit, customer acquisition cost, etc. Kevin discussed why knowing your number's helps you with understanding the profitability of your company, as well as any improvements that need to be made.
He also explained how these indicators can help you identify strengths, weaknesses, and opportunities for your company.
Buzzsprout link to start your own podcast: https://www.buzzsprout.com/?referrer_id=1305358
LinkTree: https://linktr.ee/insightfulprinciples