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Know Thy Metrics: How to Make Big Decisions with Data, Not Emotion — Jody Grunden
Episode Summary
When it comes to making BIG decisions, many business owners fall short by relying on a gut feeling or hunch. In this episode, Jody Grunden, the Co-Founder of Summit CPA group, reveals four key metrics service-based businesses should be using to make more informed decisions.
Episode Notes
- 4:50 - How much cash do you really need in the bank
- 9:01 - Production metrics 101 for service-based businesses
- 12:40 - Average bill rate vs. standard bill rate and what they tell you about your business
- 25:44 - How to determine capacity and when you need to hire and potentially fire
MENTIONED IN THIS EPISODE