MSM Milling lacked seniority and trust within their Finance team. They were needing a finance professional to come in and settle the current finance team and tighten up processes.
This is the number of days, on average, that goods for sale are sitting in your storeroom, from when they are delivered by suppliers, to when they are shipped out to customers.
Also called Debtor Days, this is the number of days on average, your customers are taking to pay invoices. Think ‘cash-flow’ with this key number. Managing this number can have a huge impact on cash flow.
Many business owners focus attention on the Overheads in a Profit and Loss (P&L) Statement, but they may not compare them relatively, (by percentage) to the Revenue.
Last week we shared information about Key Number 1, being Revenue Growth Percentage. This week we’re introducing Key Number 2, being Price Change Percentage.
In our previous blog we introduced you to the ‘7 Key Numbers That Drive Profit and Cash Flow’. Here is more detail about Key Number 1: Revenue Growth Percentage%* Business owners focus a lot of attention on Revenue.
Are you interested to see how a business, let’s call it QuickCall Supplies, that turns over $1 Million dollars in total revenue… can add over $100,000 to its cash flow and improve its profit by $60,000… without selling one extra…
I’ve been working with Michael Granek from CFO On Call for a couple of years now and I can’t speak highly enough of his knowledge and expertise especially in regards to budgeting and cashflow.
