Numbers - Tools for financial freedom.

in #money5 years ago



"The numbers" is what people call one of the most important subjects on business if your business numbers are right, then everything is set for a real chance to have a successful business. In the other hand if you don't understand your business's numbers, margins, capital, earnings, costs, goals, then you might be in serious trouble.


Welcome to the third part of this series Tools for financial freedom where I share some of the most interesting topics that some businessman, entrepreneurs, visionaries, and investors have taught me.

My name is Nerio Parra, welcome to my blog.

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It is not enough to have a good idea, product, service, a good team, vision, leadership, stock, location, mission, discipline, it's just not enough, you need to understand your business's numbers. Numbers are the name of the game.

First we have


  • What is the initial investment / how much did you invest.
  • Return of investment
  • Markup
  • Costs

After having the previous clear and understood then we gotta set the following

Daily, weekly, monthly and yearly goals.

After those are set then we need to watch them closely, understand what part of our inventory is selling the most, which aren't selling as much, which are totally behind.

And its just not only products, how many calls are being made, how many new clients, how many advertisements, how many times did Pedro was late, and so on.

Financial goals work pretty much as personal goals, but the fact that everything is expressed in numbers help us clearly see the whole picture.

That's why Data analytics is becoming truly important these days because sometimes we need to be thorough and pay real attention to the health of your company through the numbers...

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So next time you see a successful business you might have an idea how well studied, planned, set, analyzed were the numbers

Thanks for reading



What are your thoughts? Do you have a specific topic on business you want covered? you have 88 days, let's go!.

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