Learn how Birkey’s uses the balance sheet, rather income statements, to balance leverage and turnover for a financially strong business.
Many dealers look to income statements to measure the profitability of their businesses, but these give only immediate feedback about current sales performance and don’t give the entire picture of your company’s financial health. They can also be misleading since liability or equity, assets or cash movements aren’t reported.
The balance sheet, however, is a slower tool that keeps the business healthy and allows you to pursue opportunities without jeopardizing its health or stability. It shows a larger picture than income statements.
So how can you utilize your balance sheet to measure the financial stability of your business? And how can you measure your business’s leverage and turnover for better stability?
In this FREE eGuide, find the answers to those questions and many more as Farm Equipment explores the metrics you need to increase your company’s health and stability. Inside, dive deeper into these key topics:
- What the Balance Sheet Tells You That Income Statements Don’t.
- What Is and How Do You Measure Leverage?
- How Inventory Drives Leverage
- Benchmarking Yourself and Engaging
Examining all the data that your company generates can be overwhelming, but this eGuide provides the groundwork for looking at some of the key metrics and using them to assess a complete view of your business.
Find answers to your questions about key business metrics and be better prepared to handle a larger view of your company by downloading this free eGuide!
Download your FREE eGuide today! The Balance Sheet, Leverage and Turnover: Birkey’s Training Primer
Yours for a better dealership business,
Dave Kanicki, Executive Editor
Dave is the Executive Editor of Farm Equipment, and the Editor/Publisher of Ag Equipment Intelligence and related properties.
What new insights did you gain? What jumped out at you? Share your observations.