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Thread: Need 10-20 good business metric formulas using small business data

  1. #1
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    Need 10-20 good business metric formulas using small business data

    Hello all,

    I am new to the MHF community but I have read this forum many times over the years.

    Now, I am looking for some strong math formulas that can be applied to a set of business metrics we have gathered.
    We have standard pricing data for over 1.2 million small businesses. We would like to show this data in interesting ways using some relevant business metrics.

    Example:

    Percentage spread between x number of prices and/or given average of prices


    This is a very simple example but we are looking for more sophisticated ideas and formulas to use that are relevant to the small business or to the consumer.
    We have a budget for this too if that helps.

    Thanks again all, I look forward to all the great ideas from this forum.

    Rudy
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  2. #2
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    Re: Need 10-20 good business metric formulas using small business data

    have you thought of looking in an Economics or Business Management textbook?
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  3. #3
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    Re: Need 10-20 good business metric formulas using small business data

    Thank you romsek,

    We know the traditional metrics. We are looking for some impressive formulas that are beyond the basics.
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  4. #4
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    Re: Need 10-20 good business metric formulas using small business data

    Quote Originally Posted by RudySEO View Post
    Hello all,

    I am new to the MHF community but I have read this forum many times over the years.

    Now, I am looking for some strong math formulas that can be applied to a set of business metrics we have gathered.
    We have standard pricing data for over 1.2 million small businesses. We would like to show this data in interesting ways using some relevant business metrics.

    Example:

    Percentage spread between x number of prices and/or given average of prices


    This is a very simple example but we are looking for more sophisticated ideas and formulas to use that are relevant to the small business or to the consumer.
    We have a budget for this too if that helps.

    Thanks again all, I look forward to all the great ideas from this forum.

    Rudy
    This, I believe, is too general a question for anyone here to answer. The issue is that metrics are designed to give information about a specific problem. For example, turnover days is asking whether you have too much invested in inventory or receivables relative to the cost of capital. You need to ask yourself what questions do businesses need answered that are not already answered with existing metrics. You also need to keep in mind that accounting figures are not exact, and when you start doing lots of computations even small errors may build up and make the results very misleading.
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