Experienced CFOs know the best metrics to use for growth, productivity, profitability, leverage and liquidity. But which single metric is the most meaningful?<\/p>\r\n\r\n\r\n\r\n
In his book \u201cBeyond Entrepreneurship 2.0,\u201d author Jim Collins suggests there is one metric that towers above all \u2013 the percentage of Right People in Key Seats (or RPKS % for short).<\/p>\r\n\r\n\r\n\r\n
Collins writes that the top priority of business leaders should be to assure that at least 90% of the key seats in your organization are filled by the right people. He defines \u201ckey seats\u201d as positions with the influence to either, put the organization at risk, or drive the long-term success. Collins also offers seven questions to ask to help you determine if you have the \u201cright people\u201d in the key seats.<\/p>\r\n\r\n\r\n\r\n
From a CFO\u2019s perspective, RPSK % is meaningful because we know that it\u2019s the people on your team that produce the results reported on your financial statements. We know that the RPSK % also provides a lens for reviewing the bevy of metrics that your CFO can provide.<\/p>\r\n\r\n\r\n\r\n
In other words, you can add some objectivity to the RPSK % calculation by combining a CFO\u2019s bevy of metrics with Collins\u2019 subjective \u201cquestions-based\u201d approach. For example, growth metrics can help you determine if you have the right people in your sales leadership seats. Productivity metrics can help you determine if you have the right people in operational leadership seats. <\/p>\r\n\r\n\r\n\r\n
How We Can Help<\/strong><\/p>\r\n\r\n\r\n\r\n Business owners can benefit from working with one of Florida CFO Group\u2019s experienced CFOs<\/a> to run through a calculation of your RPKS % using both Collins\u2019 questions and the CFO metrics. Experienced CFOs know the best metrics to use for growth, productivity, profitability, leverage and liquidity. But which single metric is the most meaningful? In his book \u201cBeyond Entrepreneurship 2.0,\u201d author Jim Collins suggests there is one metric that towers above all \u2013 the percentage of Right People in Key Seats (or RPKS % for short). […]<\/p>\n","protected":false},"author":3,"featured_media":673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/posts\/669"}],"collection":[{"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/comments?post=669"}],"version-history":[{"count":3,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/posts\/669\/revisions"}],"predecessor-version":[{"id":4225,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/posts\/669\/revisions\/4225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/media\/673"}],"wp:attachment":[{"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/media?parent=669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/categories?post=669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/tags?post=669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Contact us<\/a> so we can work with you to elevate your business!<\/p>\r\n","protected":false},"excerpt":{"rendered":"