#007 Eight financial ratios to evaluate the success of your business
Christiane Constantineau, DESS, EMBA, CPB
The following financial ratios allow you to evaluate the success of your business and which will tell you the time.
Absorption rate of your cash (Burn rate) when you are in the start-up phase
Return on investment (ROI) of your project
Monthly Recurring Revenue
Retention rate of your customers
Total value of a customer (over lifetime)
Profits versus Sales
Qualitative and quantitative feedback from your customers
Engagement of your employees
Obviously, it's not so easy to put all these financial ratios in place. There are dashboards like Klipfolio , which allow you to have a bird's eye view of your business and monitor the progress of your success.
A dashboard like Klipfolio can help you:
Summarize your financial data in one place
Track the evolution of your performance over time
Identify trends and opportunities
Make informed decisions
Klipfolio is an easy-to-use and affordable solution that can help you improve your financial health. If you would like to learn more, head over to our website or contact us for a demo.
We look forward to helping you achieve your financial goals.
If you would like to share your thoughts on this article, simply reply to this message or email us at info@6dt.ca . We look forward to reading your comments.
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