Cash is King! Why KPI's matter to Real Estate Agents
Every Realtor knows that cash is the life line of your business. Without it you can’t pay suppliers, employees, CRA and most importantly yourself. How often have you woken up in the middle of the night worrying about the next pay run or that large HST payment due to CRA at the end of the month?
Have you ever wondered how you are doing versus your competition? We have the tools to help you determine this. We can show you how your key performance indicators measure up against other realtors at your volume.
Wait, what is a “key performance indicator” you ask? Key performance indicators (KPI’s) help Realtors gauge the effectiveness of their business. We use these with you to determine if you are on target with your goals.
Some of the KPI’s we examine are new revenue generation, savings rate, investment returns ,profit ratios and many others tailored to your individual business. The examination of KPI’s allows us to educate our clients so we can have more meaningful conversations; well beyond “this is your tax bill”. As we examine the KPI’s together we start to get a clear picture of the strengths of your business as well as what areas are holding you back. This allows us to help you build wealth by increasing revenue and team efficiencies.
Knowing that you will have the ability to meet your payroll obligations, paying suppliers and CRA on time all while building wealth and enjoying a good night’s sleep is the sign of the right relationship with your business advisor. After all, it’s about you!