Look Deeper into Your Food Truck Financials
Financial metrics are always going to be import to track for your food truck empire, but they only tell part of a story. The bean counters love financial metrics because they measure results clearly, but as a food truck owner, it’s your job to influence the inputs that drive those results.
To do this, measure the things that contribute to revenue, such as customer retention, food quality quality, and customer referrals (via social media and word of mouth) to ensure you get the right financial results in the right way. Keep your staff members focused on the inputs with the highest correlation to your financial growth. If you keep tabs on the contributing factors, you’ll know when something’s gone wrong long before your accountant can dial your phone number.