7 Numbers Every Small Business Owner NEEDS to Know

✅ Book your FREE consultation call with me today to discuss how we can help you here at Simplex: https://calendly.com/simplex-accounting Want to grow your business and maximise profits? If you're not tracking these 7 essential business numbers, you could be losing money without realising it! In this video, I’ll break down the key financial metrics that every entrepreneur, startup, and small business owner MUST know to scale their business successfully. 📊 Here’s what we’ll cover: 01:04 Revenue (Sales) – The foundation of your business growth strategy 02:05 Cost of Goods Sold (COGS) – How to track your expenses and improve profit margins 03:15 Gross Profit – The real measure of business efficiency 04:04 Operating Expenses – Cut costs and boost profitability 05:01 Net Profit – The key to long-term financial success 05:46 Cash Flow – Why cash is king in business operations 06:41 Profit Margin – The ultimate indicator of business health 💡 Why these numbers matter: Understand your business finances like a pro Make better financial decisions Increase profitability and scale your business faster Improve cash flow management Set realistic business goals for growth 📈 Whether you’re a small business owner, entrepreneur, or startup founder, knowing these financial KPIs will help you build a strong, profitable business. #smallbusiness #businessfinance #cashflow #financetips #success #profit Disclaimer: Please note that I am not a financial advisor. The content in this video is for informational purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any decisions. The information provided in this video is accurate as of the date of filming. For the most up-to-date details, please refer to: Tax Tables: https://19532438.hs-sites.com/simplex... and HMRC's website: https://www.gov.uk/government/organis.... Resources: Tax Tables: https://19532438.hs-sites.com/simplex... Vat Registration Guide: https://19532438.hs-sites.com/simplex... VAT Cheat Sheet: https://19532438.hs-sites.com/simplex... Financial Habit Checklist: https://19532438.hs-sites.com/simplex... Invoicing Guide: https://19532438.hs-sites.com/simplex... 🔗 Affiliate Links (Some of the apps mentioned in this video) Support the channel by checking out these links. If you sign up through them, I may earn a commission at no extra cost to you. Iwoca Pay – Offer instalments to your customers: iwoca.co.uk/iwocapay-sellers/?referral_code=simplex-accounting-limited GoCardless – Collect recurring payments easily: https://manage.gocardless.com/refer/g... SimPRO – Job management & invoicing software (contact us to set up via our partner dashboard) Stripe – Global payment processing (email us at [email protected] request referral link) Monzo - This will deposit £50 into your account for joining: https://join.monzo.com/c/gzjl02t 💬 Say hi on socials: Instagram:   / simplex_accounting   Facebook:   / simplexaccounting   LinkedIn:   / lucy-johnson-maat   TikTok:  / simplex_accounting   Or check out our website: https://simplex-accounting.co.uk/