What Are your Numbers?


What Are your Numbers?

1.    Do you run a business?

2.    If you do. How much did you make last year, last month or better still, how much did you make last week?

3.    If you are an employee, how much in terms of percentage or productivity did you contribute to the company’s bottom line?

If you are a business owner and you don’t have an answer to question 2, then that is the reason why you don’t know what drives your profit margin and where you are losing money from?

If you are an employee and you don’t have an answer to question 3, then that is the reason why promotion has eluded you and that your organization has put you on the list of employees that will be downsized.

Every business owner must know their numbers.
You must know your monthly income.
You must know your monthly expenses.
You must know your energy costs.
The essence of knowing this is for you to know what is constraining your business and where resources should be channeled to enable you to grow your business.

For employees, you have to know how much your department or unit contributes in revenue generation to the business.

If you don’t know, read the financial reports of the company, so that you even know whether your company is profitable or running at a loss.

At your own individual level, measure yourself, give yourself deliverables and meet them, so that when the time for appraisal comes, you will be ready for your promotion.

I remember sitting at an appraisal and my boss said, if I have to score you for continuous personal improvement, I will give you perfect scores, because I know you are an avid reader who works tirelessly to make things better. AT the end of the exercise, I got Double Promotion.

So stop and ask yourself a very sincere question: What Are Your Numbers?


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