Ep 114 - You Need to Know Your Numbers to Hit Your Profit

  EPISODE 114 of The Local Small Business Coach Podcast Today's Tip of the Week: You Must Know Your Business's Financial Numbers How well do you know your small business's health report card?   In today's episode, we discuss… Why it is important that you know some of the key financial numbers of your local small business. These numbers are your business's report card. They tell you how healthy the business is. We will take a look at 5 key areas you want to be familiar with and why. Sales Profit Margin Inventory Product Costs Expenses While you don't need to memorize them, you need to have them at your fingertips. However, I will recommend few numbers you need to always know. Thanks for listening!   HELPFUL LINKS Podcast Website: LocalSmallBusinessCoach.com Leave your Message on the website with the Speak Pipe Button or just email me at [email protected] Our Training Materials for Local Small Business Owners:  TrainingforLocalSmallBusinessOwners.com Starting a Local Small Business Website:  StartALocalSmallBusiness.com Get a FREE Audiobook! Take your Business Books on the Road with You!   CLICK to GET YOUR FREE AUDIOBOOK My Recommended Bookkeeping Program for Local Small Business Owners: Freshbooks Link Get Your FREE eBook - 8 Steps to Increasing Your Profits in Your Local Small Business   WHO THIS PODCAST IS FOR: local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen,  medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams ~~~