Service Help Desk
5981 Tennyson St
Arvada, Colorado 80003 USA
+1 800.525.8248 toll free
+1 303.423.4910 direct
+1 303.430.0139 fax
623 S Service Rd Unit 1
Grimsby, ON L3M 4E8 Canada
866.658.9274 toll free
Key company figures help you to monitor developments in your business over time and if necessary to control them. But you should also have some of them ready when you start your business, because they are of interest for your business plan and for the interview with the bank.
You don't have to know all the key company figures that exist. For example, those that deal with production quantities are not relevant for your car wash. Others, on the other hand, are valuable tools. We have compiled these for you. They can easily be divided into two groups.
Are you looking for a loan to start your own car wash business? Then you should include some key figures in your business plan. The following are important:
You will not have any other reliable figures before setting up the company. You provide a profitability forecast and a liquidity plan showing how your company's profitability is likely to develop, when it will start making a profit and how you will stay solvent in the meantime. However, these figures are based on assumptions.
Once your company is up and running, you should monitor your KPIs regularly. It's not enough to just look at profit or volume of sales, because there can be many different reasons why one figure is high and the other low. The most important KPIs are as follows:
Naturally, you must not neglect the key figures that you determined before the company was set up. You should regularly check whether your car wash is developing according to plan. If this is not the case, you still have a few adjustments that you can make. There are various ways to reduce expenditure and increase revenue slightly. You can determine which of these is necessary at an earlier stage using the key figures rather than finding out in your annual tax return that you are not doing well.
Quite apart from the fact that you make a good impression on potential lenders with plausible key figures, you can also use them to continuously monitor the success of your still young company. Although the numerous terms and formulas may seem confusing at first, as soon as you have gained some experience, you will be able to calculate quickly. You can see at a glance if one of the figures is reaching a critical level and take appropriate countermeasures.