If You're Not Measuring,
You're Not Managing
Imagine building a house
without a tape measure. You kinda guess at 92 5/8″. You eyeball the door and window framing to confirm it’s square and true. You drill the waste hole for the toilet “that far” off the wall. You just make the truss set “work out”.
You wouldn’t do that.
But that is exactly what you are doing with the finances of your business if you haven’t selected a set of financial reports about the performance of your business to follow rigorously and compare periodic results to know where your business stands.
This course will help you select and understand the foundational numbers that will disclose how your business is doing.
- First, I introduce the Nine Numbers and demonstrate how to read them to answer three important questions about your business.
- Second, we take a look at how to use building cost benchmarks to improve the financial performance of your business.
- Third, we look at how even rudimentary financial analysis can provide insights into business performance.
Just as the measuring tools you use on the jobsite assist in your building processes working better together, measuring and bench-marking the financial performance of your business can lead to a much more successful outcome.
