If we met on an elevator ride, could you tell me in that short amount of time what key numbers you need to know to run your business effectively?
Probably not.
And that’s okay for today but not for the long-term health and prosperity of your business and you.
I, along with my brothers and dad, kind of ran our company without knowing the key numbers too. So, know that there’s no preaching here but rather a desire to share what we learned as we went along. Know that we had always believed if you worked incredibly hard and kept expenses down the money would follow.
The answer is sometimes it did and sometimes it didn’t. What I mean is the accountants would walk into our office in December and say, “You had a great year. Go buy yourself some tools and trucks and pay yourselves a bonus.” We liked that visit very much!