By Virginia Bridges
—“Some of the critical numbers in your business are leading indicators, like hits to a website or calls to prospective customers, which need to occur before the lagging indicators, likes sales, happen,” said Jim Jubelirer, owner of Jubelirer Results Group, a business coaching and leadership development firm in Chapel Hill. “It is important to look at leading indicators on an ongoing basis, even daily, in order to get the bottom-line results you want each month.”
—“We review our cash balance (checkbook) and cash flow forecast (money coming in and bills we need to pay) every week. … We monitor our income and expense statement monthly. This way, analysis tells whether we are on track to meet our goals; whether we need to find new clients or work harder with existing ones; and whether we need to slow our spending until our cash position improves,” said Earl Hadden, business mentor and coach at the Small Business Success Project in Chapel Hill.
©2013 The News & Observer (Raleigh, N.C.)
Distributed by MCT Information Services
Continue Reading 1 2
Copyright© 2015 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com