Josh (Your CFO Guy)
Josh (Your CFO Guy)

@YourCFOGuy

9 Tweets 3 reads Dec 16, 2023
If you’re running a business, you simply can’t stay in the weeds in every area…
You need QUICK and DIGESTIBLE ways to understand what’s happening
Here is my preferred set up for items to track every morning as a CEO
The Ultimate Business Dashboard:
➡️ REVENUE & GROWTH
There are few things that are as important as sales, and growth.
This is especially true if you’re an early stage startup, where revenue & growth is what determines your ability to get more funding from investors
➡️ CASH FLOWS
I said there are few things as important of sales & growth…
cash flows is definitely one of them.
I like to keep track of how much cash is coming in from receivables…
how much cash is going out to employees…
as well as to vendors…
➡️ PROFIT & LOSS
Your P&L is one of the most useful reports…
and is designed to tell you ONE thing…
how much profit (or loss) you are generating
➡️ HEADCOUNT
Your headcount is one of the most important things to key track of…
Why?
Because it’s often times the LARGEST expense…
and often times the BIGGEST contributor to your success
➡️ PIPELINE SALES
It’s not enough to understand how much you’ve done in sales…
it’s just as important to understand what you have coming in the pipeline.
This can help you prepare resources, cash flows, and much more.
➡️ HIRING
Are you in the process of hiring for a new role?
It’s crucial to stay up to date on what’s happening with the job post…
I like to review this snapshot every morning as we have an active role (which we do - check out our hiring page at Mighty Digits!)
➡️ BUDGET VS ACTUALS
It allows you to create a blueprint for what you think the future will look like…
and then track against that blueprint, understanding whether you need to tweak your assumptions
This is by far my favorite report…I can’t get enough of it.
That’s my take on the metrics you should be tracking everyday,
and the best way to ingest this information at a quick glance via an attractive dashboard…
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