How to Become Financially World Class, Part 2
In this five-part video series Andrew Stotz, PhD, CFA walks you through all the basics you need to know about World Class Benchmarking and How to Make Your Company Financially World Class.
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.
Watch other videos on How to Become Financially World Class
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