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Three Financial Formulas Every Business Owner Should Know
Manage episode 376651702 series 3482143
Το περιεχόμενο παρέχεται από το Amarlo, Inc.. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Amarlo, Inc. ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
How do you improve a struggling business or grow an already successful one? There are so many ways to track your business's performance, but how do you know what's the right way? You need to measure and manage the right data points using the right method.
Explore the often-misunderstood mantra, "What gets measured gets managed," and discover its potential pitfalls. Host Jeremy Millar reveals three crucial financial metrics—Current Ratio, Gross Profit Margin, and Return on Investment—that every business owner should understand but use judiciously. These metrics aren't just numbers; they're stories that can guide or mislead the health of your business.
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🖥️ Trying to understand business finance by yourself? Check out the free Financial Storytelling course here: https://www.amarlo.co/tell-your-story
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