Why you need to know your numbers
Mar 16, 2016
Like many people who start their own business, you have probably developed your skills while working for someone else. Then one day, you may have realised you could do it better, or differently, and that inspired you to be your own boss. Does this sound like you?
Most people start with this motivation and venture into establishing and managing their own business. After all, how hard could it be? Many new business owners do not realise that running and growing a successful business takes more than just having the skills of the trade.
What do we mean? You could be the best farmer around, and perhaps you are, but without the knowledge and information needed to run your business, things can go awry. You need more than farming skills, you need money-management and numbers skills!
Yes, knowing your numbers is a skill in itself. Some would even say it’s a talent!
At CMK, we believe that everyone has the potential to understand and learn their numbers, hence we view it as a core business skill. Knowing your numbers provides you with the tools to manage your business properly - setting a plan in place, knowing how to conduct business effectively and efficiently and not leaving things to chance or relying on luck.
Most people start with this motivation and venture into establishing and managing their own business. After all, how hard could it be? Many new business owners do not realise that running and growing a successful business takes more than just having the skills of the trade.
What do we mean? You could be the best farmer around, and perhaps you are, but without the knowledge and information needed to run your business, things can go awry. You need more than farming skills, you need money-management and numbers skills!
Yes, knowing your numbers is a skill in itself. Some would even say it’s a talent!
At CMK, we believe that everyone has the potential to understand and learn their numbers, hence we view it as a core business skill. Knowing your numbers provides you with the tools to manage your business properly - setting a plan in place, knowing how to conduct business effectively and efficiently and not leaving things to chance or relying on luck.
