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Salt Lake City Bookkeeping Blog

3 Simple Small Business Metrics

Posted by Joe Mazur on Mar 26, 2014 7:00:00 AM

In recent months, while at networking events both in person and virtually, I've noticed a lot of conversations with successful entrepreneurs and small business owners eventually gravitate towards the importance of their metrics.  The availability of information and data these days is at an all time high, so why not utilize what's out there and help it improve your business.  Most successful small businesses have valuable metrics that help predict their revenue growth, forecast busy times and slow times, understand customer trends, the list just goes on and on.  The reason I say 'most' businesses and not 'all' businesses is that some business owners fly by the seat of their pants and don't have a grasp of what really drives their business.  To me, these business owners are doing a disservice to their business and employees by not harnessing the profitability of their business, but that's a conversation for another time.

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Topics: Efficient Bookkeeping, Service Based Business, QuickBooks Functionality, metrics