AI Generated & then Augmented

Knowing Your Key Business Numbers

To understand your company’s financial health, you must keep track of critical business numbers. You can tell how well the business is doing by these measures. Keeping an eye on financial success helps you find ways to make things better. Knowing these numbers can help you make choices.

 

It can also help businesses make more money and work more efficiently. This piece talks about necessary measures for business. Each measure tells you something valuable about a different part of a business. Companies can do better if they pay attention to these numbers.

 

Revenue Growth-A key measure for any business is revenue growth. It shows how much sales have grown over time. You can measure revenue growth every three months or once a year. Companies can check their sales growth against averages in their business. This lets them know if they are keeping up with their rivals. When they understand how income grows, companies can set more realistic sales goals.

 

More sales can be a sign of a strong position in the market. Marketing plans and product creation are working well. Businesses can grow their income by going after new markets or adding more products to their lines. Spending time and money on customers can also bring in more money. Happy customers tend to buy from you again. For long-term income growth, you need a group of loyal customers.

 

Gross Profit Percentage-Another critical measure is the gross profit rate. It displays the amount of money made that is more than the cost of things sold. A high average profit share means that the price tactics are working. It shows how well the company can control labor costs. To get this number, divide the gross profit by the total income. To show it as a proportion, multiply it by 100.

 

Businesses need to examine gross profit percentages daily to find patterns and possible problems. If this number goes down, the cost of making things will increase. It could also mean that your price tactics need to be fixed. Businesses can raise their gross profit percentage by keeping costs low and prices as low as possible.

 

Ebitda-EBITDA is a crucial measure of how well a business is doing financially. It stands for earnings before taxes, interest, depreciation, and debt payments. EBITDA gives information about how well a business is running. It takes away the effects of choices made about money and accounts. This lets you compare companies more accurately. It’s simple to figure out EBITDA.

 

Add the interest, fees, depreciation, amortization, and net income. A rising EBITDA means that operations are running more efficiently. It shows that the company can make money from its primary activities. EBITDA is a common way for investors to determine how profitable a company is. A reasonable EBITDA can raise the company’s value and attract investment.

 

Revenue Per Employee-The productivity of a business can be judged by its revenue per employee. It shows how much money each worker brings in. To find this measure, divide the total income by the number of workers. A more considerable income per worker is a sign of higher output. Human resources are being used well.

 

Businesses should regularly check this measure. If income per employee goes down, it could mean that things aren’t working as well as they should. Companies can improve this measure by spending money on technology and training. Getting things done more quickly can also help. When workers are happy, they often do a better job and bring in more money.

 

Cash Days-Cash days show how long it takes for a business to turn investments into cash. It shows how well the cash flow is being managed. The faster time it takes to turn some money into something else is better for business. The method to find cash days is Inventory Days + Accounts Receivable Days -Accounts Payable Days.

 

This tells you how well a business handles its cash flow. Companies should keep their cash days number as low as possible by making it easier to store and sell goods. Having a steady amount of cash is essential for paying your bills.

 

Core Cash Target-The primary cash goal is an essential measure of money matters. This number shows how much cash a business needs to run smoothly. Companies should use set and changeable costs to determine their core cash goal, which helps ensure there is enough cash on hand.

 

Reviewing cash goals regularly is essential for good financial health. If you meet your cash goals, you can avoid financial problems. Companies can keep their cash levels in good shape by making correct predictions about cash flows. Keeping track of your spending regularly can help you stay within your budget.

 

Business Return-Business return numbers measure how well the company is doing financially overall. Return on investment (ROI) and return on equity (ROE) are standard measures. These measurements show how well a business uses its tools to make money. Divide net profit by total spending to get a return on investment (ROI).

 

This shows how well purchases make money. Companies should look at their return numbers daily. Knowing these returns helps you find profitable parts of your business. Focusing on increasing results can help success as a whole. Allocating resources well is a vital part of making a company more profitable.

 

Conclusion

To be successful, you need to know your key business numbers. Each measure tells you something valuable about a different part of the business. Businesses can make intelligent choices when they keep track of these measures. It is essential to monitor measures like EBITDA, sales increase, gross profit percentage and more regularly.

 

These numbers help you figure out what needs fixing. They are also used to guide strategy planning and resource use. A business is likely to do well if it knows its crucial business numbers. Attention to these measures can help you be more productive and make more money. Assessing businesses regularly can help them change how the market is changing.

 

Link Section

Suggested Places to open an free account
Gmail.com – Gives you access to many free Google Products
Outlook.com – Gives you access to many free Microsoft products
Invideo.io – Outstanding AI video creator
Fiverr.com – Quality low price services

 

Other to sign up too

Facebook – The most popular social media especially for folks over 40 years old

Youtube – 2^nd to Google is searches and growing fast as folks don’t like AI in searches

Linkedin – A business focus social media platform

Google Voice – Gives a free phone number with transcription

Google Alerts – Have Google email you about topics you are interested in
Grammarly – Spell checker on everything including posts

Canva.com – Free advertising material generator
ChatGPT – Open AI Version 3.5 – Personal assistant and much more
Copilot – Microsoft’s version of ChatGPT 4
Gemini – Google’s version of ChatGPT

Hubspot – Great marketing tips and resources
Jotform – Internet Forms & Cellphone Apps
Quotationtemplates.net – Free Quotation Forms

Upwork
– Quality low price services

 

 

 

SCORE Resources

7 Ways to Grow Your Real Estate Business | SCORE
Pros and Cons of Forming a Series LLC for Real Estate Invest

Paste in a browser site:score.org & add your business type or subject

Score Mentor Industry Specialist Links
Real Estate Mentors or
Browse for a mentor

 

Top Facebook Related Groups

 

 

Related Businesses

https://mediahubnation.com/2024/04/28/real-estate-related-businesses/

https://www.xlbusinessbrokers.com/real-estate-related-businesses-for-sale-in-florida/

 

Unique Selling Proposition USP

https://carrot.com/blog/unique-selling-proposition/

https://www.followupboss.com/blog/unique-selling-proposition-real-estate

https://begreight.com/real-estate-usp/

 

Business Name Ideas

Business Name Generator -Create Business Name Instantly

 

45 Creative Real Estate Company Names (+ Generator) -The Close

300+ real estate business names and ideas to inspire yours

 

 

 

Grant Portals

• www.careportal.org
  
• www.energy.gov/scep/energy-future-grants
  
• www.federalgrants.com
  
• www.fema.gov
  
• www.grants.ca.gov (Calif only)
  
• www.grantsforus.io
  
• www.thegrantportal.com
  
• www.transportation.gov/grants/SS4A
  
• www.USA.gov
  
  
• www.candid.org (non-profits only)
  
• www.fundsforngos.org
  
• www.mbda.gov/financial-resources/grants (minorities)
  
• www.aarp.org/aarp-foundation/grants.html (Seniors only)
  
• www.fhwa.dot.gov/environment/cfi/resources/
  
• www.grantsforwomen.org (Women only)
  
• www.grantify.io
  
  
• www.sba.gov/funding-programs
  
  
• http://www.galaxyofstars.org
  
  

Google Recommended Alerts (www.google.com/alerts)

• Grants {your County or State}
  
• {your type of product or service} Grants
  
• {your type of product or service} NOFO
  
• {your type of product or service} Grant “application open”
  
• {your type of product or service} Foundation Grant
  
• {your type of product or service} “Funding opportunity”
  
• {your type of product or service} “Announces funds”
  
• {your type of product or service} “Notice of Intent”
  
• {your type of product or service} “Letter of Intent”
  
• {your type of product or service} RFQ {in your Area Code or County}
  
• {your type of product or service} RFQ {in your Area Code or County}
  
• {your type of product or service} {in your Area Code or County}
  
• {your type of product or service} Inkind
  
• {each of your major suppliers}
  
• {each of your major customers}
  
• {your main competitor}
  
• {the industry leader preferably in your state}
  
• {your industry’s main magazine}
  
• {your industry’s trade association}
  
• {your local chamber of commerce}
  

 

Top Facebook Related Groups (copy and paste in a browser)

Facebook Groups – site:facebook.com/groups {your business type}
Facebook Groups – Grants – site:facebook.com/groups grants
Facebook Groups – In Your Area Code – site:facebook.com/groups {area code}

Facebook Groups – Business for Sale – site:facebook.com/groups {business for sale}

 

Top Facebook Related Groups (copy and paste in a browser)

Facebook Groups – Your Business Type – site:facebook.com/groups {your business type}
Facebook Groups – Grants – site:facebook.com/groups grants
Facebook Groups – In Your Area Code – site:facebook.com/groups {area code}

Facebook Groups – Business for Sale – site:facebook.com/groups {business for sale}

Youtube Links
Paste in a browser site:youtube.com & add your business type

Fiverr Links or Uptime.com or Guru.com

Targeted Niche eMail Lists under $20
eMail Designers under $20
Bulk eMail Senders under $30
Logo Designers under $20
Grant Finders under $40
Grant Writers under $40

eBay.com Links or Fiverr.com or Uptime.com
Multiple Income Sources
Website Templates
Website Hosting-Reseller

 

Other Links
Free Forever Resources & Tools

Quotationtemplates.net – Free Quotation Forms

Licenses & Permits-Calif
Contracts –Jotform – Legalcontracts – Deedsign
Common Mistakes to Avoid {your business type enclosed with quote marks}
Industry Magazine
{your business type enclosed with quote marks}
Trade Association {your business type enclosed with quote marks}
Insurance Needs – Forbes.com – SBA.gov – Score.org

Marketing Your Business {your business type enclosed with quote marks}

 

This is not intended as legal advice; for more information

For more information, email George Schaefer at or https://tinyurl.com/SCOREIE

All rights reserved but permission to use this can be requested Use at cmstothemax.com

 

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