Daily and weekly financial metrics are a great way to track actual results against goals on a regular basis.
Used in combination with weekly financial huddles, key metrics simplify complex financial information, and make the numbers approachable for your non-financial managers.
Below are four best practices when building out your financial metrics:
- Keep the metrics simple so they can be reviewed quickly
- The metrics should connect operations with financial results
- Metrics need to create clear ownership (one number, one name)
- Metrics should encourage weekly conversations – what was the goal, the result, the gap, and how will we close the gap
Ready to install a daily key metrics system in your business? Do this next:
- Watch the explainer video below: Daily and Weekly Financial Metrics
- Join the BBFA – a library of training courses, access to a beer industry CFO, and a network of beer wholesaler owners and managers who share ideas and best practices to build a stronger beer business
