BUSINESS SIMPLIFIED PODCAST
Episode #007:
How Knowing your Numbers will Transform your Business
Host: TRACEY LEAK
Episode Summary:
Most small business owners over complicate their business (hence why this podcast is called Business Simplified). Knowing some keys numbers in your business and tracking them (even if you failed maths at school) will help you build a stronger and more profitable business. Tracey will take you through the numbers you MUST know, how to find them and what to do to track them. Want to make more profit? This is the episode for you.
In this episode, we discuss…
Do you know your numbers? [0:54]
Breaking your numbers down to chunk size pieces [2;46]
Calculate your profit margin [5:05]
How much is the average customer worth? [7:59]
Setting your Goal? [9:20]
How much Revenue do you need for your Goal? [11:34]
Breaking your Revenue down into something manageable [13:00]
What’s your real goal? [14:36]
Create something visual [16:35]
Is this only for small business? [19:46]
Summary [22:50]
Links to Look at:
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