Who wears the CFO hat in your business?

Who wears the CFO hat in your business? CFO stands for Chief Financial Officer.  It’s a term used mainly in larger businesses, but is just as relevant to smaller business, in that someone has to do it irrespective of their job title.   For some the business owner or a family member may also be

Using Numbers to grow Sales, Profit and Cash

Using Numbers to grow Sales, Profit and Cash Business owners seeking improvement will benefit by adding the following to business growth plans and strategies. Consider the impact of the numbers below on your product or service and your market.   The numbers to consider are those that guide you to the desired outcome of sustainability,

Linking KPIs to business goals

Linking KPIs to business goals   How do you currently track and drive your business? Financial Statements – Profit & Loss and Balance Sheet? Cash flow forecast? Job Profit & Loss? Financial Budgets Quotes? The whiteboard? Are you satisfied with the KPI’s you have?   Measure, manage, improve…repeat! ‘If you continue to do what you’ve

How KPIs can help you reach business targets

How KPIs can help you reach business targets   There is an old saying ‘If you aim at nothing, you will hit the target with amazing accuracy!’ We would all like a ‘silver bullet’ in our business that creates that wonderful profit we seek.  The reality is that there isn’t one!  There are lots of

Don’t fly blind in business. Focus on these five key areas.

Don’t fly blind in business. Focus on these five key areas. Do you sometimes feel like your head is spinning with everything you need to be ‘on top of’ in your business?  There’s a phone call from a customer to deal with, a staff member off sick, a product to fix, the bank manager to

What information should you be getting as a business manager?

What information should you be getting as a business manager?   Error free financial information is vital to running any size of business.  Larger businesses have the luxury of teams of accounting staff to steer them in the right direction.  Smaller businesses have to rely on themselves and advice from accountants and consultants.   Advice

5 Steps To Supercharge Your Stock Management, Cash Flow and Profit!

Do you want simple ways to better manage your stock?   Here’s 5 Steps to Supercharge your Stock Management, Cash Flow and Profit Firstly, think of stock as dollar bills piled up on your stockroom floor! To reduce the money tied up in stock you need to manage it better. Step 1 – Getting The

Maximising Sales, Profit and Cash

Want more sales for your business? Sales, profit and cash are the key issues to focus on in business financial management.  If you can get these three working right,  you’re well on your way to building a sustainable business with capacity to grow. Most people focus on sales to begin.  I’d like to start with
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Your critical success factors are your Key Performance Indicators

The best way to improve profit is to know what are your ‘Critical Success Factors’ (CSFs).   These are the key things that go on in your business, that without them the business can’t really operate or severely slows down.  For example if you run a service based business, they are the people who provide the