Posts Tagged: metrics

What Are Direct Costs? COGS Definition
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What Are Direct Costs? COGS Definition

Direct costs (also known as costs of goods sold—COGS) are the costs that can be completely attributed to the production of a specific product or service. Here’s why this is important for growing and running your business.

What Metrics to Track (and What Not to Track)
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What Metrics to Track (and What Not to Track)

Business owners who succeed in meeting their goals have one common thread: They all track their progress toward their goals. Here are the metrics and data you should track to realistically measure performance, and what you can safely ignore.

What Is a Balance Sheet, and How Do You Read It?
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What Is a Balance Sheet, and How Do You Read It?

Does the idea of reading your balance sheet leave you feeling decidedly unbalanced? The balance sheet is the most misunderstood financial statement—which is problematic because it is also one of the most useful. Here’s how to read it.

Understanding Your Cash Flow Statement
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Understanding Your Cash Flow Statement

Cash is the lifeblood of every business. Run out of cash, and you’re dead in the water. Here’s how to understand your cash flow statement, and keep your business alive.

What Counts That We’re Not Counting?
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What Counts That We’re Not Counting?

We know how important it is to keep an eye on the numbers. But what about those “soft metrics” that are harder to track—things like employee satisfaction? They may be more difficult to pin down, but overlooking them can spell trouble for the health of your company.

Tracking Metrics Makes You 2x More Likely to Reach Your Goals
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Tracking Metrics Makes You 2x More Likely to Reach Your Goals

We all set goals in our personal lives, but when it comes to business, it turns out that we’re not nearly as goal-focused. Even though we’ve taken on big risks to start new businesses, the surprising truth is that we’re really not very good at goal setting at all.