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Profit may not be the first thing aspiring business owners think of when they dream of taking control of their own destiny. They are often more focused on the product or service they are offering.
Business Management Discuss and decide your ‘big picture’ goals…what you want to achieve in your business in terms of business growth, improved profit, cash flow, business value, efficiency and lifestyle.
By Sue Hirst – Director, CFO On-Call Key Financial Drivers in business are what drive the results. They can have a huge impact on business financial results.
Successful business owners don’t have sleepless nights worrying about cash flow, because they manage it proactively… so it never becomes an issue. Here’s how they do it: 1.
If you’re thinking of exiting your business in the next few years and the sale value contributes to your retirement ‘nest egg’, it’s well worth beginning planning now to grow it.
By any reasonable standard, an average 51% profit improvement (EBIT), across a number of established business (average turnover of more than $16 million), over three years is very good.