In order to grow your business successfully you first need to understand the numbers. This may sound ‘typical’ coming from an accountant right? However, it doesn’t just mean your financial figures but in fact all your business numbers.
Your business numbers all interact to produce your profit and ultimately your business growth and success.
Do you know:
1. How many customers you have?
2. How often they buy from you?
3. What their average spend is?
4. What percentage of existing customers you retain?
5. How many new leads you generate weekly, monthly, annually?
6. How many of these leads you convert to new business?
Unfortunately, many business owners don’t know the answer to the above questions or do understand how these elements interact and are the key driver within their business.
Want to learn about how to put all this together to achieve increased profitability and growth in your business? Join with likeminded business people wanting to realise the potential in their business in our Financial Management Programs. To find out more check out our Business Success Programs.