These KPIs (Key Performance Indicators):
- Gross profit as a % of sales
- Revenue Growth Rate
- Inventory Turnover
- Accounts Payable turnover
Should be evaluated and compared monthly.
How?
The best way to do this is through a weekly dashboard.
We provide this information for our clients but you can also do this yourself. If you are a DIYer include on your dashboard Sales, AR, AP, Cash Position, and Expenses every week.
Plan on it!
Schedule this time as a meeting with the CEO and keep the meeting!
If this is something you would like done for you be sure to schedule a discovery call!