You can listen to the Virtual Office Hour down below along with a FREE download of the presentation slides.
Special thanks to Simon Nicholls for leading our Virtual Office Hour on the Top 5 Most Important Financial Metrics to Manage. Simon’s 30+ years of experience has allowed him to view successful patterns over the years, distilling into a framework for business owners.
The 5 Pillars of Value Creation:
- Growth
- Profitability
- Cash Generation
- Return on Capital
- Governance
His assertion is this: the real value is created for shareholders, employees, customers, and vendors when these five pillars are being attended to. For example, as a company, Apple has managed these five pillars well over the years.
Now, the metric within each pillar is going to be specific to your business and what you’re managing. For example, a specific type of business might manage Return On Assets, Profit Per Employee, and/or Cash Flow From Operations. This is where bringing in a financial strategist can be incredibly helpful.
We spoke about the importance of ensuring your financial data is accurately captured, so smart financial decisions can be made. At Stride, our expertise is in timely and accurate financial reporting so that CEO’s and people like Simon can rely on their data to take action.
We ended the call showcasing some of Stride’s broad level dashboard reporting we’re using to help business owners better manage the metrics that matter. If you want to learn more, please email either of us directly at hello[at]strides.services or Simon Nicholls at snicholls[at]weir.ts.
Here is to Keeping the Plates Spinning!