The #1 metric to track to improve profitability in your business скачать в хорошем качестве

The #1 metric to track to improve profitability in your business

Want to increase profit in your business? The answers lies in tracking the labor productivity. When labor is being used efficiently, profits increase. But when we have waste or inefficiency in the system, profits will be down. The way we track labor productivity is through the Labor Efficiency Ratio. It is the number one metric to track if you want to be more profitable. Don't know how to measure it? That's what this video will show you! Hannah will explain the labor efficiency ratio and also show you real-life examples of calculating this ratio in a few different ways. She will also help you identify some pitfalls that some business owners fall into when trying to calculate this themselves. Mentioned in this video: Interview with Greg Crabtree:    • Interview with Simple Numbers Straight Tal...   Podcast with Greg Crabtree:    • Keeping It Simple With Greg Crabtree   Simple Numbers Book: https://www.claracfo.com/simplenumbers To learn more about CFO services for B2B services providers making over $1M in annual revenue, go to: https://claracfo.com/services Here are some of the tools I trust and recommend to help you manage your business finances more effectively. These are affiliate links, which means I may earn a small commission if you use them—at no extra cost to you. Thank you for supporting the Clara CFO channel! 🔢 QuickBooks Online – 30% Off for 12 Months plus 30-day Free Trial https://claracfo.com/QBO Get organized with the most popular small business accounting software. 🏦 Relay Bank – Get a $100 Bonus https://www.claracfo.com/relay Modern banking designed for business owners. Sign up and deposit $100 to claim your bonus. 👥 Gusto Payroll – Earn $100 https://claracfo.com/gusto Run payroll and receive a $100 reward—perfect for growing teams. 💰 Monarch Money – Extended 30-Day Free Trial https://claracfo.com/monarch Smart personal finance software for entrepreneurs and families. 📊 RC Reports – Get $50 Off a Compensation Report https://claracfo.com/RCReports Ensure your S-Corp salary is IRS-compliant with a professional comp report. Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/ Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. CODE: MB014PH0URNYAUO