Profitability in your business doesn't just happen. It's not inevitable, and it shouldn't be a happy accident. In this episode Byron Kanaley talks us through some of the key performance indicators and essential reporting required to plan for and achieve profitability. Among the essentials: understanding the revenue side of profitability, the hidden costs you might be miscalculating without the right reporting, and the importance of a CFO that can communicate to non-financial people to help your business be more profitable.

Create The Next is delivered to you from ProCFO Partners. Every week, we explore strategies and ideas for financial management and growth to help today’s businesses put their financial picture in context. ProCFO Partners are expert financial officers networked across industries, verticals, specializations and situations. Fulfilling the role of a part-time CFO with all-time commitment, ProCFO Partners utilizes the innovative and exclusive FGC Financial Flywheel as a framework that creates momentum to drive your financial functions for sustainable success. Visit procfopartners.com to explore how we can implement a systematic and scalable financial system to help you achieve your goal.