Tag: Business Metrics
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10 Financial Tips for 2026 (Part 1)
10 tips to make 2026 super profitable (pt 1) “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” — Will Durant We’re just a few days away from the new year; and while it’s somewhat arbitrary in the sense that we wipe the books clean (hello retained earnings!) and…
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What’s Your Neighbor Up To? (A Guide to Benchmarking)
Wouldn’t it be helpful to know the financial performance of other businesses with your exact same business model? It’s a surefire way to see if you’re leaving money on the table. “I believe in the discipline of mastering the best that other people have ever figured out.” — Charlie Munger What is benchmarking? After completing a financial review,…
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Leading vs. Lagging Indicators: A Dashboard for Business Decisions
One challenge in managing finances is the overwhelming amount of numbers and metrics available to look at. Scoreboards in professional sports generally display only the most relevant stats, and your business should do the same. How do we handle it? Stick to 6-7 key metrics with a combination of leading and lagging indicators to watch…