916. The 4 Business Growth Metrics To Track Everyday In Your Business

The Kelly Roach Show

Kelly Roach

Business, Entrepreneurship

4.9 • 965 Ratings

🗓️ 22 May 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Kelly Roach Show, discover the power of business growth metrics as Kelly explores the four crucial numbers that every entrepreneur should monitor on a daily basis.

In order to reach your income and growth objectives, it is important to examine and analyze key business growth metrics carefully. This will provide you with valuable information about your company's financial health and growth potential, enabling you to make well-informed decisions, optimize resource allocation, and make necessary adjustments to your strategies.

Also in this episode:

The difference between short-term and long-term decisions
Why 50% profit is better than no profit
How social media is a superhighway of sales
There will be challenges along the way trying to hit your profit goal every month

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Transcript

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0:00.0	Welcome to the Kelly Roach Show, the place for no fluff easy to implement 20 minute or
0:10.8	less business and leadership lessons to help you build a sustainable business that scales.
0:17.6	Lead with integrity and create a lasting legacy.
0:21.6	I'm Kelly Roach, former NFL cheerleader and Fortune 500 executive turned 8 figure entrepreneur.
0:28.1	Let's get started.
0:30.1	Welcome back and thanks for tuning in to the Kelly Roach Show.
0:33.9	Excited to be back here with you all.
0:35.7	Today I'm breaking down four numbers that I recommend you track every single day in your
0:42.2	business. This is going to help you to keep your eye on the prize and to make your goals and
0:48.5	income dreams a reality. Now, disclaimer doesn't mean it's going to be easy, doesn't mean it's
0:55.3	going to be a straight line and certainly doesn't mean that you're going to have a straight
1:00.8	hockey stick every month in your income or growth goals. What it does mean is you're empowered
1:08.9	to see exactly where you are at all times and make good decisions about where to use your time,
1:15.7	money and energy in the business. So let's talk about the four numbers that you should
1:21.1	track in your business each and every day. The first one is your committed revenue for the month.
1:27.7	What is your committed revenue for the month? And I would make sure that you subtract out of
1:32.8	that committed revenue. Any customers that have been delinquent that have been that are on a hold,
1:42.4	that are a no pay from last month. You now can't count on those customers. You're going to work to
1:48.2	collect. You're going to work to replace, but you don't want to count that in your committed
1:52.4	revenue. So you want to make sure that you're looking at a number that you can rely on, right?
1:58.1	So your first number you're going to track every single day is your committed revenue for the month.
2:03.2	The second number that you're going to track each day is going to be your expenses for the month.
	...

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