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Showing posts with the label financial five

Measure and Communicate Your Financial Five

How do you measure your results? For those of us in sales, the answer is simple (yet probably incomplete) - revenue. But there's more. For those of us in operations the answer is also easy (and also incomplete) - reducing expenses. That probably includes doing what you do faster, better, and cheaper. Whatever your job, and in whatever field - for profit or not-for-profit, your organization is directly impacted by five key measures. Five financial levers that determine the health or struggles of your team. Revenue - the money you bring in. Gloriously, this number is unlimited. Expenses - managing the money that you spend to stay in existence and produce what you do. Customer Happiness - more than satisfaction the best organizations determine how they can delight their customers and bring joy into their lives. What better way to create repeat business? Team Member Happiness - because happy team members are productive team members and tend to stay with your team much lon...