The only way a business survives is with profitability, and to maintain profitability business owners must routinely examine finances with specific indicators to ensure they are on the path to success.

In this episode, I review which financial metrics keep businesses on track, how clear key performance indicators support long-term growth, and why it’s crucial for business owners to consistently monitor finances.

In this episode, you’ll also hear:

• Fundamental financial metrics
• Measuring key performance indicators (KPIs)
• Proactive approach to reviewing financial statements

Mentioned in this Episode:

Tally Street - https://tallystreet.com/

Must-listen moments:

[00:01:20] These KPIs, these financial metrics tell you that you're still on the road, that you're still going in the right direction. It can also help you identify some challenges that are coming up.

[00:08:57] Are you going to look at it monthly, weekly, quarterly, yearly? Or maybe you look at all of them. It is really helpful to continue to monitor these KPIs and monitor them regularly.

[00:10:26] By regularly monitoring these KPIs, you can gain comprehensive understanding of your business, your financial health and the performance, and it helps you to stay on track.

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Reach out to Alisa: Alisa@firststepsfinancial.com

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