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Building financial metrics and KPIs is a huge step to understanding your business operations. Setting targets based on your budgeting and profitability scenarios is an additional step you realize is critical once you set up a process to calculate your KPIs. Many believe that hitting this step completes the process in analyzing KPIs. However, I don't think you've hit the most challenging task of KPIs: correcting your business when you are not hitting your target.

I often see companies struggle to identify and implement plans to rectify missed KPI targets. In the current landscape for craft beer and restaurants, adhering to your KPI targets could be your differentiator.

Sustainable Economic Development on top of Developing Sustainably Economic Companies

Developing economically sustainable companies is will always remain a key strategy of our business. Anove that, we will additionally consider and apply sustainable practices to our operations.

As an owner of a business, you are familiar with budgeting, crunching numbers, and doing all the things that come with a company’s finances. What you may not realize, however, is how important your financial analysis is for your business. By analyzing your financials, you can identify trends, see what SKU has the worst margin, know when your expenses are getting out of hand, and make calculated financial decisions.

The average small business owner spend 6 hours per week on accounting. If you still have your calendar block every week to begrudgingly do bookkeeping, it is time to clear that space for analysis instead of bookkeeping. Take the step to decrease your time spent on the tasks that can be outsourced. It will surprise you how cheap you can get that 6 hours back in your week.

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