Choose from over 100 articles that explain and help with business financials. Each one, most only a five minute read, is written in easy to understand plain English. For more resources, such as eBooks and checklists, go to our Help & Info section. You can also contact us if you would like to talk to someone.
The start of the financial year is a great time to understand how well your business has performed for the past year and what are your targets for next year.
Running a small to medium business is not so different to flying a plane. Take-off is an adrenaline rush, navigating requires discipline and focus, and a safe landing relies upon foresight and excellent communication.
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…
In today’s rapidly evolving business landscape, the importance of reviewing strategic plans cannot be overstated. As an entrepreneur, business owner or manager, you’re undoubtedly aware that a well-formulated strategic plan is the lifeblood of your organisation.
