Is your business growing?
Revenue is a primary driver of profitability. The more you grow your revenue, the more likely you are to grow profits. Revenue growth is the percentage increase (or decrease) in a company's sales from one period to the next.
Revenue growth is a percentage increase or decrease in revenue between two comparable periods. Revenue growth demonstrates the increases and decreases over time and identifies the trends in the business. It is an essential metric for tracking the success of the company in achieving the anticipated growth.
Profitability and growth conjointly form a successful business. Profit is key to basic financial survival, while growth is key to profit and long-term success. Thus identifying growth opportunities and turning those opportunities into revenues is essential in every company or start-up.