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3 Business Metrics You Should Measure Weekly

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TaimoorZ
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Re: tell me more
TaimoorZ   9/30/2013 9:19:44 AM
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I think the only true metrics for any business is the net cash inflows or outflows they have. It's easy to fake profits and ROI and give a fake rosy picture, but it's difficult to create cash in the system.

syedzunair
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syedzunair   9/30/2013 6:16:29 AM
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Agreed. Only monitoring the cash flows wouldn't help. There must be some active work going on to ensure that costs are minimized. 

nimantha.d
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nimantha.d   9/29/2013 9:48:41 AM
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@Syed: Indeed, monitoring the cash flow is the important plus the difficult part. But also we should remember that just monitoring will not do the job for you, you should make efforts to control the cash flow so you can gain more benefit towards your business. 

syedzunair
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syedzunair   9/28/2013 7:31:04 AM
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Frank: 

I would go with you on this one. Cash cycle is the thing to look out for. Everything else just stems from it. If you can monitor the cash flow you can monitor the entire operations. 

HaileyMcK
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HaileyMcK   9/27/2013 7:15:34 PM
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Follow the money! That makes total sense. Thanks.

Frank Cavallaro
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Frank Cavallaro   9/27/2013 7:10:11 PM
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Thanks. If I were to track only one, it would be your cash cycle. From This metric flows all of your essential financial flows.

HaileyMcK
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HaileyMcK   9/27/2013 7:04:16 PM
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@Frank, thanks for this. Of your three, which is the most often neglected? And for our busy folks, are there metrics you would advise ignoring (or at least occassionally neglecting) in favor of these three?



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