Episode 60! – What Does 1% Mean to You? The Importance of Numbers in Entrepreneurship and business!
Welcome to Episode 60 of Scotch O’Clock!
The Whiskey – Port Charlotte Heavily Peated Islay Single Malt
The Topic – What Does 1% Mean to You? THe Importance of Number is Business
The numbers are often forgotten in new, early stage and growing businesses. Not forgotten in the sense of not producing sales or revenue, but in the sense of not tracking them with an adequate amount of detail for the stage of business people are at.
There isn’t a need for overkill but you do need to understand what you need to be focusing on through start up, growth and consolidation phases of business.
What does one % mean to you?!
1% of a $1,000,000 revenue business means $10,000.00 what could you do with $10,000 if you identified a 1% saving in your business?
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