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What’s a healthy growth for your company?📈 -Sponsored by Flow Digital and Pipedrive
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An average service or product business,
from an accounting perspective, what is
a healthy growth? What do you want to
see year over year? Like, what type of
growth?
>> So, you you want to see obviously you
want to see growth. Healthy growth for a
company. There is no rule as far as what
the growth is, but you want to see a
trend up. Meaning, you want to see did I
do more sales than last year? That
doesn't always mean that things are
good, but you want to see the trajectory
that is going up. So, you want to see
the sales increase. At the same time,
you want to monitor your expenses. And
although they may go up, but you want to
make sure that the business is growing
and the profits are growing. You can
have sales going up where your profits
are pretty much the same as the prior
year.
>> [clears throat]
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