Creative Agency Success Show
Has your business scaled beyond $1 million in annual revenue? Do you employ a staff of 20 or more people? If so, you've likely experienced a whirlwind of highs and lows that come with growth. You're not alone in your journey. Since 2002, Summit CPA Group, now Summit Virtual CFO Services by Anders, has helped businesses and creative agencies across America and the globe by providing Virtual CFO Services, cash flow management, business tax planning, financial forecasting, and much more. We've also performed hundreds of 401(k) audits and provided CPA firms with accounting outsourcing services and Virtual CFO consulting. This podcast seeks to help service-based business owners dive deep into the financial side of their business to achieve growth and financial success. Tune in bi-weekly as our hosts—Jamie Nau, Director + Virtual CFO, and Jody Grunden, Partner at Anders CPAs + Advisors—interview special guests to share knowledge in the digital and creative agency industry, as well as Jody’s experience as a service-based business owner and entrepreneur.
Creative Agency Success Show
Production Metrics: Effective Rate
•
info@summitcpa.net (Summit Virtual CFO by Anders)
•
Episode 5
“Measuring something and then consistently looking at it really helps you understand exactly how you’re doing.” - Jamie Nau
The finer details of this episode
- Production metrics 101.
- How to calculate your utilization rate.
- Standard rate vs. average bill rate.
- Where do service businesses fail?
- What is an effective rate?
- How to improve your average bill rate.
- A Summit CPA client success story.
Episode resources
- Summit CPA website
- Production metrics guide
- Email us with questions/comments- vcfo@summitcpa.net