Why knowing your numbers is vital to business growth (Interview with Murray Phillips) - Ep 52
Oct 27th, 2021 by smashingselfemployment
Knowing your key financial numbers is vital for your business if you intend to grow it. Without up-to-date, accurate financial information you won't be able to make properly informed decisions.
In this interview, Murray Phillips (https://www.insightca.nz) shares his insights into the key financial figures that you should have available when you need them.
Murray addresses 4 important questions:
- How important is it to know your numbers in business (turnover, gross & net profit, customer LTV etc)?
- What are the most common mistakes that small business owners make with their numbers?
- How can they avoid those mistakes?
- What key financial knowledge does someone need when trying to grow a small business?