Responsibility Center KPIs (Key Performance Indicators) go hand in hand. Just like Gin and Tonic, Horse and Carriage, Pizza and Pineapple!. Managing a business requires constant monitoring and analysis of financial data to ensure optimal performance. Measuring...
Responsibility Accounting Demystified: A Straightforward Guide to Success Responsibility accounting holds the key to better financial performance. It improves accountability and streamlines decision-making. Discover the essentials of responsibility accounting and how...
Business capacity refers to the amount of work that a business can handle within a given period of time. It's important for businesses to understand their capacity in order to plan and deliver their services or products effectively. For service-based businesses, for...
Managing Rapid Business Growth goes hand in hand with generating that growth, Rapid business growth may seem like a dream come true, but it can also lead to unexpected challenges. In this weeks video I look at the potential pitfalls of growing too fast, the symptoms...
Achieving business success is challenging journey, here I will show you Ways to achieve business success. With the right mindset and approach, you can turn your dreams into reality. Here are some tips on ways to achieve business success. Self-belief Self-belief is...
Business turnover, also known as revenue or sales, refers to the financial value of goods and services sold. This weeks video looks at Firstly, what sales turnover is Secondly, how it's measured Thirdly, its strengths Lastly, why it is a vanity metric for financial...
Investigating variances, moreover, when to do so is an important part of any business. A variance is the difference between a budgeted figure and an actual figure. It can happen in almost any area of a business—sales, costs, profit margins, etc. There are five key...
Financial control is vital for all types of business, from the smallest to the largest. Fundamentally controls are there to help you reach your business Northern star, your business goals. Effective financial control systems can ensure that your business operates...
How to achieve your business targets is one of the most important goals you have set for yourself. Many of us understand the basics of setting up and running a successful business, however knowing how to reach our desired outcome can be quite tricky! The good news is...
Are you feeling overwhelmed by the thought of tracking your business’s performance? You don’t have to be! While it can be tricky, understanding what Key Performance Indicators (KPIs) to track is essential to get a full picture of how your business is doing. When it...
Are you ready to take your business performance measurement to the next level? Then I've got just the video for you! In my I Don't Hate Numbers video, I'm going to explain seven essential things to measure your business performance measurement. This video includes...
Have you ever wondered Why budgeting is important? Well, I am going to tell you Why budgeting is important, moreover 8 reasons! It's no surprise that budgeting is often seen as a daunting task. If you're in the business of making money, taking time out to do an...
It may seem bonkers, but I am going to give you Five reasons to ignore your numbers. It’s only fair that I balance things to give you Five reasons to take note of your numbers Here are Five reasons why you should ignore your numbers: Firstly, if you prefer to have no...
Understanding operating profits helps you make better and informed business decisions. If you are serious about business, then it's important to understand key financial concepts like operating profit. Small businesses, arts organisations and social enterprises can...
For many businesses, break-even is a critical milestone. It can be a make-or-break point for small businesses and signifies the point at which revenue from operations equals total costs. But what does break-even mean? And how do you achieve it? This weeks video...
Operational gearing is an important tool for business owners and entrepreneurs. It's a measure of how much profits are being generated by the company's day-to-day operations, as opposed to its investments. In other words, it can tell you how lean your business is...
As we all know, the economy is not doing so well, but I want to show you How to survive a recession and prosper There are things you can do to survive a recession and even prosper! In this blog post, I will share with you some tips on how to make it through these...
What is the is a power in customer life time value. Using numbers in the right way in your business is a powerful way to Firstly, give you insight Secondly, make great decisions Thirdly, reduce anxiety Also, to provide clarity More importantly help you make money, be...
Have you ever wondered how to calculate customer lifetime value? Or what it even is? Above all CLV, as it is often called, measures how much a customer is worth to your business over the course of their relationship with you. Most importantly it considers all of the...
How to use Financial Ratio Analysis is part of your Numbers tool kit. This is part of the tool kit used, the key ratios used by business owners, analysts, and investors. In this vlog I cover the four common areas used in financial ratio analysis, Firstly,...
Know your numbers. Numbers are everywhere, and for the most part we just ignore them. As a result unless we're forced to pay attention to them when it comes time to do our taxes or budget for the month, numbers don’t seem interesting. Except they are if you become...
Knowing how to judge your financial performance can be tricky. Many factors come into play, and it's not always easy to know where you stand. In the words of Dietrich Bonhoeffer, “Action springs not from thought, but from a readiness for responsibility.” However, by...
Are you finding it difficult to stay Financially Accountable? You’re not sure where to start, or you feel like you're constantly falling behind. Don't worry, you're not alone! Improving your financial accountability is a process that takes time and effort. Don’t...
Who doesn’t want to know How to be successful? Most people think that in order to be successful in business, you need to be intelligent, have a lot of money, or know the right people. While these certainly don't hurt, there are other factors that are just as important...