You need to know the “numbers” in your business. Every business owner needs to know that they’re making enough to pay their employees, make and deliver their products, and grow the business. That’s just good business.
Non-financial metrics are important, too. A successful business has to focus on quality, safety, customer service, on-time delivery, retention, and even culture. Because if your culture is dialed in, the numbers will prove it.
We take a deep look at the different numbers that are important for a manufacturing business to know in this part 2 episode of MakingSparks with Mike Payne.
Also, listen to the end for a BIG announcement.
– Matthew Nix
Segments
- [1:00] Recapping part I with Mike Payne
- [3:13] Everything comes down to numbers
- [13:59] How to learn the numbers
- [17:49] How to decide what’s important
- [26:38] When should you hire someone?
- [35:20] Introducing “By the Numbers”
Resources mentioned on this episode
Connect With MakingChips
Making Chips Podcast for Manufacturing Leaders