How to Become Financially World Class, Part 2
Special Offer – , Dr. Andrew Stotz (AKA the author here) is giving a FREE webinar for ValueWAlk readers on Nov 21st – Enrollment is limited –enter here!
We know that business is hard, but we believe that the financial aspects should NOT be. World Class Benchmarking is a clear-cut financial tool for that takes the finances of your company from complicated to simple, from scattered to focused, and from individual to team.
Questions I wanted to answer for my own business
- How do you increase the value of your business?
- What is most important for your business…high profitability or fast growth?
- How can you be sure that what you measure matters most for the value of your business?
Competing forces: Profitability and Growth
Opposite forces can be complementary like in y?nyáng. Extremely high Profitability (Yin) reduces growth. Extremely high Growth (Yang) reduces profitability.
It is hard for a business to maintain the opposing forces of profitability and growth at maximum. If both forces are weak the business dies.
World Class Benchmarking measures a combination of profitability and growth which we call “Profitable Growth”. The Profitable Growth score explains how well a company maximizes and balances the two forces.
Article by Becoming A Better Investor