{"id":14487,"date":"2021-06-17T13:22:29","date_gmt":"2021-06-17T13:22:29","guid":{"rendered":"https:\/\/www.markperlbergcpa.com\/?p=14487"},"modified":"2021-12-16T22:36:38","modified_gmt":"2021-12-16T22:36:38","slug":"using-kpis-for-your-marketingcity-business","status":"publish","type":"post","link":"https:\/\/prosperlcpa.com\/blog\/2021\/06\/using-kpis-for-your-marketingcity-business\/","title":{"rendered":"Using KPI’s For Your Atlanta Business"},"content":{"rendered":"

Being able to reasonably forecast upcoming problems has become an essential skill for Atlanta business owners — but too many are flying blind, or doing “bank balance accounting.”<\/span><\/p>\n

Can we help you fix this?<\/span><\/p>\n

Using KPI’s For Your Atlanta Business<\/b><\/h2>\n

“It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.” – Franklin D Roosevelt<\/span><\/i><\/p>\n

If you measure your key metrics you can manage the performance of your <\/span>Atlanta <\/span>business, AND you can see problems well in advance of when they might show up in revenue or profit figures.\u00a0<\/span><\/p>\n

Each and every business has key performance metrics (KPI’s), some of which are common to other businesses, some are industry-specific, and some companies create their own KPI’s.<\/span><\/p>\n

These sort of things are our bread and butter when working with <\/span>Atlanta <\/span>small businesses.<\/span><\/p>\n

Can we help?<\/span><\/p>\n

Financial metrics are often common to all businesses. Some examples include:<\/span><\/p>\n

* Average transaction value.<\/span><\/p>\n

* Gross profit margin.<\/span><\/p>\n

* A measurement of a company’s efficiency during the production process.<\/span><\/p>\n

* How much is left over after COGS.<\/span><\/p>\n

* Gross Profit divided by Total Revenue.<\/span><\/p>\n

* Net profit percentage.<\/span><\/p>\n

* The amount of profit for every $1 of revenue generated.<\/span><\/p>\n

* Net Profit divided by Total Revenue multiplied by 100.<\/span><\/p>\n

* Debtor days or receivable turn days.<\/span><\/p>\n

* How long your customers take to pay you. <\/span>(The sooner your customers pay, the sooner you can get that cash working for you.)<\/span><\/i><\/p>\n

* 365 (days in the year) divided by (Sales on credit or invoice divided by Average Accounts Receivable).<\/span><\/p>\n

More industry-specific KPI’s might include:<\/span><\/p>\n

* Table turns per night.<\/span><\/p>\n

The number of times a restaurant is able to sit customers at a table.<\/span><\/i><\/p>\n

* Utilization.<\/span><\/p>\n

The number of hours a machine in the production line can run.<\/span><\/i><\/p>\n

* Rejection rate.<\/span><\/p>\n

The number of defects rejected in an assembly line.<\/span><\/i><\/p>\n

Non-industry-specific KPI’s might include:<\/span><\/p>\n

* Customers won\/lost.<\/span><\/p>\n

* Customer complaints\/product returns.<\/span><\/p>\n

* Staff sick days.<\/span><\/p>\n

You must absolutely integrate the RIGHT measurements to get a proper insight into your business’ performance.<\/span><\/p>\n

I hope this gets your juices flowing. Many of these financial indicators are things that WE can help you to implement … if you let us.<\/span><\/p>\n

Warmly,<\/span><\/p>\n

Mark Perlberg<\/b>
\ninfo@markperlbergcpa.com<\/b>
\nMark Perlberg CPA PLLC<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Being able to reasonably forecast upcoming problems has become an essential skill for Atlanta business owners — but too many are flying blind, or doing “bank balance accounting.” Can we help you fix this? Using KPI’s For Your Atlanta Business “It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.” – Franklin D Roosevelt If… Read More<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":{"0":"post-14487","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"entry"},"_links":{"self":[{"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/posts\/14487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/comments?post=14487"}],"version-history":[{"count":0,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/posts\/14487\/revisions"}],"wp:attachment":[{"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/media?parent=14487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/categories?post=14487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosperlcpa.com\/blog\/wp-json\/wp\/v2\/tags?post=14487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}