TIP OF THE MONTH

FORECASTING WITH SIMPLE KEY PERFORMANCE INDICATORS

At the beginning of each year ALWAYS prepare a forecast (for instance now it’s a great chance to do it for the year 2015) with simple Key Performance Indicators (KPIs) which will guide you for the rest of the year and save you money, time and energy. Trust me, we test this year on year and the clients using this simple approach make the most of their business.

How? Based on your expected 2015 costs you can identify;

  • How many units you need to sell per month to cover total monthly costs (now you know instantly whether your business is viable or not)

  • How much your monthly sales should be to cover total costs and to break even

  • What’s hourly cost (this KPI puts everything into perspective – how much time do you spent per client / task and how much it costs you!!!)

  • Many, many more…contact us