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Category: Business Numbers

Who wears the CFO hat in your business?

Monday, 23 October 2017 by bnme2
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
  • Published in Business Numbers, Growth, Change & Exit, Improve my cashflow

Using Numbers to grow Sales, Profit and Cash

Friday, 20 October 2017 by bnme2
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,
  • Published in Business Numbers, Growth, Change & Exit, Improve my cashflow, Improve Profit

Linking KPIs to business goals

Monday, 16 October 2017 by bnme2
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
  • Published in Business Numbers, Growth, Change & Exit, Improve my cashflow

How KPIs can help you reach business targets

Sunday, 15 October 2017 by bnme2
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
  • Published in Business Numbers, Growth, Change & Exit, Improve my cashflow

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

Tuesday, 10 October 2017 by bnme2
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
  • Published in Business Numbers, Growth, Change & Exit, Improve my cashflow

What information should you be getting as a business manager?

Monday, 02 October 2017 by bnme2
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
  • Published in Business Numbers, Growth, Change & Exit

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

Tuesday, 19 September 2017 by bnme2
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
  • Published in Business Numbers, Growth, Change & Exit, Improve my cashflow, Improve Profit, Improve Systems

Maximising Sales, Profit and Cash

Tuesday, 08 March 2016 by Sue Hirst
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
  • Published in Business Numbers, Improve my cashflow, Improve Profit
Tagged under: 7 key numbers

Your critical success factors are your Key Performance Indicators

Monday, 17 March 2014 by Sue Hirst
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
  • Published in Business Efficiency, Business Numbers

Business Numbers Made Easy

Businessnumbersmadeasy.com (BNME) is a proud initiative of CFO On-Call, Australia and NewZealand’s largest financial control advisory business.

 

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