Why should you know your business numbers?
Why should you know your business numbers?
530 million. That’s the number of people who will travel on a particular escalator at Waterloo Station over that escalator’s lifetime. I know that because of a poster on the station wall telling me so. I also know there are 413 escalators on the London Underground Network – another poster. So it seems that London Underground know their numbers. One of the reasons that LUL need to know their numbers is because they need to predict the numbers of passengers each day on each line. This helps them work out how many trains they need and how many staff etc. It also helps them work out if they’re going to make a profit or not, and the top management of LUL will be reporting back to the Mayor’s office on a regular basis, particularly about profit.
So how about you? Maybe you love numbers; maybe you hate them; maybe you think they’re not important or...