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.
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