Using Financial Metrics to Make Smarter Business Decisions
Many businesses already track financial metrics like profit margins, debt ratios, or cash flow. But knowing what these numbers are isn’t enough. To truly benefit, business leaders must use them to inform strategic decision-making, from hiring and pricing to expansion and investment.
Why is a Cash Flow Forecast Important?
A cash flow forecast is a vital financial tool that can provide valuable insights into the health of your business. It offers a detailed prediction of your incoming and outgoing cash, allowing you to make informed decisions about your operations and future growth.
Effective Decision-Making in Business with Insights from Jeff Bezos
As the amount of KPI and management information NKC generates for our clients increases, I often find myself in numerous team calls discussing decision-making with business owners and management teams. During these discussions, I recall an insightful interview clip from Jeff Bezos that frames the decision-making process effectively.