3 THINGS YOU MUST DO BEFORE APPLYING FOR BUSINESS FINANCE Funding and Business Growth Playbook T: 0330 350 3356 @: hello@GrowingYourNumbers.com www: growingyournumbers.com
Unfortunately, most businesses and their advisors, (for example Accountants), only use Lag Measures or Outputs for performance reporting - Examples: How much you sold, how much profit you made (or lost), how much cash is in the bank, this is all history, after the fact…
What is worse, for many business owners, the first time they get to see what they have done is 6 to 9 months after the year end, by which time the information really is ancient history.
To increase business success for the benefit of everyone, business owners, their employees, and the wider community businesses support through the taxes they pay, as business owners, we all need to start focusing attention on and working to improve the things that matter, the inputs not the outputs. Every business is different, and you will want to work to identify the Lead Indicators that are appropriate for you and your business, however there are a handful of Lead Indicators or Business Growth Drivers that are common to all businesses.
These are 6 Business Growth Drivers that are critical to your business success:
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