As an entrepreneur chances are you are working hard for setting and achieving all sorts of goals in your business every day.
But you often don’t have a concrete financial reporting in place for maximizing your profits!
By knowing your numbers and have effective reports it’s easier for you to see where your money comes from and where it all goes.
Furthermore your reports should give you the numbers you need to quickly see if you’re on track to reaching your goals, and help you make informed decisions as the CEO of your business.
One of the things that you need to put into place is to track your Key Performance Indicators. These are the most important metrics you want to track and improve. Your KPIs might include a total revenue , total expenses, gross profit margin, and other indicators which are based on your unique services.
If you don’t run these kind of specific reports , start to do it so you can transition to a new wealth reality.
But working on your revenue goals every single week, visit your plan weekly and make any improvements and tweaks to reach your goals is essential.
You need to have these reports in your business to help you come up with a strategy, understanding the sales cycle and act accordingly.
I have met a lot of enterpeneurs who do not actually track their numbers and that results in working harder and lose profits.
Maybe their most profitable service is their 1-1 services, but they dedicate most of their time in a membership service.
➡️That’s why KPIs can help you work smarter.
Hope this was something helpful to motivate you to visit your cash flow plan this coming week. And if this feels too overwhelming for you..
Then book a coffee chat with me, bring your coffee, your messy bun, and your can do attitude and let’s chat money.
I guarantee that you’ll leave the call feeling CALMER and more CONFIDENT about the money in your life.