Business strategies for business owners: Key performance indicators

How to find the most important numbers on your financial reports and make them meaningful


The economic environment that we live in today doesn't allow us the luxury to ignore parts of our business that could be made better. Tools exist to help us identify areas of our business that can be improved. You can implement a process in your company that will improve financial performance, service levels and cash. All you need to do is start thinking about your business in an integrated manner.

About the author: Josh Patrick, CFP, CLU, ChFC, is principal of Stage 2 Planning Partners, South Burlington, Vt., and specializes in working with closely held business owners on a variety of concentrated issues that are unique to owners of private firms. He can be reached at 877-880-5112; email: jpatrick@stage2planning.com; www.stage2solution.com.