What KPI reports do I need to run to make good business decisions and how? What goals do I need to establish to break even? Be profitable? Benchmarks?
Compiling your financial numbers can be overwhelming and time consuming BUT they are so important when it comes to budgeting and making decisions from a financial place and not just an emotional one. KPI’s are vital when it comes to pricing your services to ensure that expenses are met (breakeven) and profitability is reached (goals). Setting daily, weekly, monthly, quarterly, annual goals can help take the overwhelmingness out and provide day-to-day checklists to move forward thus using data to embrace and transform and take out the fear.