Business Tips

DO YOU KNOW YOUR NUMBERS?

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DO YOU KNOW YOUR NUMBERS??….I mean business numbers. Often in the fast and hectic pace of our business and personal lives we ignore the metrics bubbling away in the business process. Often business owners and managers keep doing what they always do. Maybe because it’s a set routine you follow and it has delivered acceptable results in the past… so why review?

Well if we are going to move forward together I challenge you to step back from the business and take a helicopter view of what is happening in your business.

accounting1So next available day you can plan, sit down with your business numbers review your revenue channels, what these channels cost to deliver and which gives the best returns. Whether you are an online marketer,  a plumber, baker, or builder it doesn’t matter what your business does a regular review of your products and services will realign your

margin/contribution dollars to deliver best profits. You may already do this and I applaud you for it…. if you don’t, spend a few hours with your accountant, mentor or your business partner/s and get below the hood of your business. Please give me feed back on any challenges you face so I can help you…. love to hear that this review was worthwhile.

About the author / 

Wayne McCarthy

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October 2020
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