Knowing Your Numbers-Business Metrics for Your Land Surveying Company
January 8, 2011 in Associate Membership, Business, Business Practices, Continuing Education, Land Surveying, Premium Membership, Professional Land Surveyor Practice
Do You Know Your Numbers?
A while back, I wrote Knowing Your Numbers-How To Measure Your Success, an article on the importance of developing your own set of metrics and benchmarks to accurately measure your success, or failure, which is something we all need to understand. In this Premium Membership post I expand on that theme; specifically how to use Business Metrics for your land surveying company.
If you’re an owner of a land surveying company, then you regularly access and update many business metrics with your business accounting systems. If you’re looking to start a land surveying company, then as a new business owner you will need to learn about business financial and accounting principles. Even if you are a manager or employee working on the front lines, like surveyors and crews working in the field, then understanding these basic business concepts will make you a better employee.
This article will not delve into the nitty-gritty of accounting – rather, let’s try to pair down business accounting metrics to focus on running your business profitably.
If you don’t measure, track and evaluate; then you can’t apply Business Intelligence, can’t find solutions and can’t fix problems-it’s that simple.
Business Metrics for Your Land Surveying Company: Read the rest of this entry →
