Financial Metrics for Scaling
1. Product/service deliverability – speed which work is completed and customers receive deliverable within expected time…measure of efficiency
2. Inventory turnover ratio = cost of goods sold over average inventory
3. Payback period = customer acquisition costs over monthly revenue times gross profit percentage
4. Client margin = revenue – employee wages – other direct costs divided by revenue
5. Brand demand and brand trust (lifetime value of customer increasing, monthly recurring revenue increasing, retention increasing, customer acquisition costs decreasing, conversion rate increasing) Subscribe on these platforms:
Apple Podcast: https://apple.co/2Zp6hgj
Spotify: https://lnkd.in/gcWDnFZ
Stitcher: https://bit.ly/34aRgO2
YouTube: https://youtu.be/CYpdLWNyNmI
#belkonbusiness #business #joshbelk #podcast #finances #metrics #accounting #profit #product #service #deliverables #inventory #ratios #payback #clients #margin #brand #lifetimevalue #revenue #acquisition #costs #conversion