Summary notes:
Alison and Phillip discussed developing KPIs in order to better track the success of the business. Alison suggested performing frequent business and financial analysis which involves looking at financial ratios such as profit margin, employee turnover, customer turnover, and revenue growth.
KPIs are important in order to stay in control and have a better understanding of your business.
Timestamps
0:03:02 KPIs as a North Star: A Conversation on Measuring Performance
0:05:43 Discussion on Developing Key Performance Indicators (KPIs) for Business Owners
0:10:09 Exploring the Pros and Cons of KPIs for Business Owners
0:11:42 Running a Business at a Loss: A Discussion on the Benefits of Low Profits
Powered by ReiffMartin CPA and Stone Hill Wealth Management
https://www.reiffmartincpa.com/
https://stonehillwealthmanagement.com/
Baby Boomers' $7.9 Trillion Worth of Businesses
The Future of AI: Embrace Change and Unlock Infinite Potential
Understanding Real Interest Rates and Their Impact on Investments
ESOP: A Powerful Strategy for Business Owners to Sell and Retain Talent
Understanding the Real Economy
WBMS Docuseries: Healthy Mind, Body, and Spirit (Episode 1)
New Retirement Opportunities and Tax Benefits Under the Secure Act 2.0
Improving the Value of Your Balance Sheet
Preserving Purchasing Power in Changing Economy
Understanding Beneficial Ownership Reporting
The Importance of Exit Strategies
Buying and Selling Businesses
The Benefits of Regularly Reviewing Your Financial and Estate Plan
Lessons on Business Planning and Exit Strategies
Understanding the Factors that Affect the Value of Your Business
Maximizing Tax Savings with Depreciation and Credits for Businesses
A Guide to Due Diligence and Risk Assessment
Understanding the Abundance of Wealth
Tips for Checking Your Paycheck in 2024
The Path to Wealth Building and Market Success
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast