Essential Financial Levers for Profitability
Jul 29, 2024
Neglecting the right financial metrics can stall your business growth. In this episode, we talk about what some of the "right" metrics are and discuss strategies for managing and optimizing profits and cash flow for SMEs. Kenton Gray helps us explore financial levers beyond mere sales increases. We break down how managing sales volume, COGS, and operational metrics can boost profitability, and discuss practical actions like supplier negotiations, inventory management, and KPI setting to maintain robust cash flow. Plus, we explore how proactive financial planning leads to better outcomes, aligning each business unit for sustained success. This episode provides actionable insights to control and improve your financial health. Featuring Kenton Gray