How Do You Measure Your Business' Financial Performance?

[Suba]

From the threads and comments I read, many of us already run businesses. Every business will always be related to finances, be it capital, profits and costs that must be incurred, etc. Of course, as a businessman, you not only carry out business routines, but you also need to know the financial performance of your business during this time or only during a certain period. So how do you measure the financial performance of your business?

 

[kerryjoy]

it's crucial to evaluate your financial performance regularly, whether over a specific period or continuously.

 

[Starmix]

I measure the financial performance of my business through it's daily sales. I noticed that I hit a good sale of my milk tea every Friday, Saturday, and Sunday. Other days, the sales fluctuate.

 

[Suba]

I measure the financial performance of my business through it's daily sales. I noticed that I hit a good sale of my milk tea every Friday, Saturday, and Sunday. Other days, the sales fluctuate.

Your business is very simple in the form of a franchise, so all financial management will be managed by the franchisor, so business people only need to carry out existing patterns.

 

[Starmix]

Your business is very simple in the form of a franchise, so all financial management will be managed by the franchisor, so business people only need to carry out existing patterns.

Yeah, that is right. It gives me less trouble. I plan to apply for franchising for donuts. It seems many like to eat donuts. It is still a plan, a replacement of milk tea in case it's not anymore sealable.

 

[Springtime]

I think there are several ways to measure financial performance of a business, namely profitability, net income, sales growth and expenditures.

 

[King Belieal]

I look at the profits and losses after every batch of sales to determine the financial health of the business.

 

[Suba]

I think there are several ways to measure financial performance of a business, namely profitability, net income, sales growth and expenditures.

That's right, we can assess the financial performance of our business, one of which is by measuring profitability or gross profit and the causes of changes in profit. Business people also often assess business financial performance through changes in cash that occur during a certain period.