FAQ's - Measure & Manage
There's a long-held business truth - what gets Measured, gets Managed.
And as a business owner you want to measure your business against the best in your industry and generally well-held business performance.
But what do you measure?
Your Key Performance Indicators, or KPI's.
As a minimum you should know your breakeven point. This is the level of sales or income needed to be able to pay all the expenses, taxes, and financial commitments. It’s not the point at which Net Profit is Nil.