Five Numbers Every Business Owner Should Know

Financial literacy is not accounting. It is knowing, at any moment, the handful of numbers that tell you whether the business is healthy.\n\nOne: monthly revenue. Two: gross margin per product or service. Three: fixed monthly cost. Four: break-even revenue. Five: cash in the bank and how many weeks it covers.\n\nWrite them down today, even roughly. Update them weekly. Owners who track these five make faster and calmer decisions than owners who wait for a year-end statement.