If you do NOTHING else with your business financials, get these three key numbers every month to help you gain clarity, confidence and control of the financial position of your business. Before i get to that though, here are two notes of caution: Some of the terms do sound a little complicated, but fear not, [Read more…]

Not using the financial data produced in your business is like driving a car with no speedometer, no map book and no fuel gauge. You can still drive, but gee it’s a lot more stressful than it needs to be! I feel both utter frustration and complete empathy for the number of businesses I speak [Read more…]

There’s a critical job that big business employ to drive profitability and efficiency. Recently it has become much more accessible to small and medium businesses. The best description I can come up with for a CFO (Chief Financial Officer) is that they help you gain clarity, confidence and control of your business numbers. Also known [Read more…]

Traditional Profit and Loss statements you receive from your Accountant are generally prepared for taxation purposes. These statements contain critical information to help you manage your business, yet it is presented with expenses sorted alphabetically. (Unfortunately we don’t spend and earn income alphabetically!) This provides no useful information about inefficiencies, about what parts of your [Read more…]

  “Balance Sheet items are where all your questions are answered about your cash flow problems or successes! Ever had a look at your sales figures and wondered “If I’m doing so well, why don’t I have any money in the bank??”; then chances are the problem is in one of these areas:” NET PROFIT [Read more…]