Summary: Engineering managers should understand key business terms like burn rate, which indicates how much money a company loses each month, and COGS, the direct costs associated with delivering a product or service. Gross margin reflects profit efficiency after COGS, while net margin shows overall profitability after all expenses. Other important metrics include ARR for predictable revenue, LTV for customer value, and retention rates to measure customer loyalty.
If you truly want to have influence, convince stakeholders, and impact the business, you need to learn to speak the business language. (View Highlight)