165: Track These Numbers to Scale Smarter | The Metrics Every Service-Based Business Owner Needs to Track
Description
Are you leaving money on the table, or are you overspending on marketing efforts that aren’t giving ROI? You won’t know unless you track these seven key metrics.
In this episode, I break down the essential numbers every service-based business owner needs to monitor to scale smarter—covering everything from sales conversion rates to cash flow. I’ll also share how my background in data reporting transformed my approach to growth strategies and why my clients are seeing major shifts by keeping a close eye on these numbers. Stay tuned to learn how to make data-driven decisions that fuel sustainable success!💰 What’s your next step to growing your business, profits, and wealth? Book your free Financial Health Assessment 1:1 with me to uncover your next step and take empowered action! http://trustyoungco.com/financialhealth
Resources mentioned:
Watch my FREE COURSE on YouTube to scale your business sustainably!
In this episode, I cover:
0:00 Why tracking key metrics will help you scale smarter
2:16 Metric 1: Your total sales numbers, categorized by offer
3:35 Metric 2: Gross Profit
4:57 Metric 3: Lifetime Value of your clients
11:10 Metric 4: Customer Acquisition Cost
13:25 Metric 5: Net Profit & Seller’s Discretionary Earnings
14:20 Metric 6: Cash flow, AKA how much runway you have
15:00 Metric 7: Leading metrics that help you predict future revenue
I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.
Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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