A real concern of mine is the number of small business owners that have little or no idea how their business is performing. What is the point of putting in all the effort if you have no idea if it’s paying off? Or even worse if you’re heading for a fall……..
Here is a checklist for you, good businesses know the answers and can navigate towards success.
What would you like to see?
- Who are your most profitable customers?
- Which products and services do you make most money on?
- How many sales do you need to make per day/week/month to cover your costs?
- What was your profit last month?
- What are you planning to make next month?
- How much do you need to put aside for tax?
- How much money will be in the bank in 3 months time?
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