Knowing and understanding where and why the business makes or loses money is a key business competency for any business leader / owner.
Without this you maybe simply throwing darts without knowing the score
By implementing proper back costing processes, including time and material tracking, gross margin and downtime measures can be created for ongoing review. Getting this feedback will guide your sales focus, allow you to give precious feedback to your people on the businesses performance and their role in it.
Profitability analysis by job or client
Charge out rate calculations and industry benchmarks
Make time to review and understand your numbers. This is sacred time.
“Beware the barrenness of a busy life” – Socrates