In our webinar earlier this year with Greg Crabtree, speaker, entrepreneur, financial expert and author of Simple Numbers 2.0, he shared what returns entrepreneurs should expect from their business: 5% net profit is survival, 10% is a good business, and 15% is a great business. These numbers are true for about 70% of businesses.
He and his firm have since discovered a financial metric and standard that works for any company, regardless of industry, and that helps CEOs find surefire ways to improve their return on investment.
In this Gravitas Impact Premium Coaches podcast, Crabtree shares this better metric, the additional levers to improve your return and how, contrary to a lot of financial advice, a business owner’s best investment decision is often not to diversify into other businesses, but rather to reinvest in their current business.
Greg also shares how his background growing up on a chicken farm to becoming an accountant has led to how strongly he feels about helping entrepreneurs create security for their families.
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How can you improve your company’s return on investment?
To find out how to increase your return to grow more easily, quickly and profitability, AND enjoy the ride, try our complimentary Agile Growth Checklist. This self-service questionnaire takes 5 to 10 minutes to complete. You'll receive the checklist with your responses immediately. Within 24 hours, you'll receive a compiled report highlighting areas to improve. Complete section 5 to check your profit processes. Or complete all 7 sections to find out how your company is doing in each of the 7 areas needed to produce more rapid, profitable and sustainable growth. This report is complementary and involves no obligation.