This episode of Kaizen Time provides crucial financial advice for small business owners on developing and utilizing Key Performance Indicators (KPIs) to effectively manage their operations and enhance their accounting services. The discussion covers how to create simple, impactful KPIs that drive revenue, such as cost per unit and gross margin, and delves into often-overlooked financial metrics like the current ratio for assessing liquidity and the days sales outstanding (DSO) versus days payable outstanding (DPO) for managing cash flow. Learn why understanding these numbers is vital for making informed decisions about growth and ensuring your business's financial health.
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🎙️ Kaizen Time is part of the Blood, Sweat & Business podcast series by Kaizen CPAs + Advisors. We help small business owners make smarter financial decisions—without the fluff.
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