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The 7 Key Metrics Every Business Owner Should Monitor

Up and Running

If you don’t understand your key financial metrics, you have no way of monitoring your business’s health—and you risk mingling assets, incurring penalties for filing taxes late, overlooking expenses, and running into difficulties paying bills and employees, just to mention a few! This is a business’s short-term debt that must be paid.

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Visualizing the Interactions Between CAC, Churn and LTV

A Smart Bear: Startups and Marketing for Geeks

If you like this, go see his Shockwave Innovations blog ) Anyone that has taken an accounting class or learned basic business financials knows the interaction between key elements of a P&L (revenue, cost, expense) and a balance sheet (assets, liabilities, equity).

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How to Write a Business Plan

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You’ll end up with a long, generic statement about how your company is serving its customers, employees, etc. The company history section can provide new employees with background on the company so that they have better context for the work that they are doing and where the company has come from over the years. Balance Sheet.

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How to Write a Business Plan for a Subscription Box Service

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The five key metrics to judge your subscription model’s success are: Churn and churn rate. Personnel plan : How much will you pay each employee. Include “employee burden” costs as well—the cost of an employee beyond their salary. Your balance sheet is a snapshot of your businesses’ financial health.