Your Car’s Dashboard Shows Progress and Warns of Looming Problems
Smart Business Leaders use Business Analytics for the same reason
12Faces is committed to helping you achieve Sustainable Business Success.
Sustainable means on-going so you need monitoring tools to check your business’s health.
We have a range of such tools you can choose from to be confident you have your finger on your business’s pulse.
Making the Case for Business Analytics
For many small business owners, monitoring the numbers behind a business is something they hate and put off as long as possible.
But, consider, half of startup businesses fail in the first year and 1 in 5 business are failing right now!
Maybe we should think more about how to reduce that sad toll! About how not to also become road kill!
Business analytics can be a great help
Properly designed tools like our 12Faces collection are easy to use and understand but give great insight into how the business is going.
That way, you can hopefully nip a business downturn in the bud before it becomes serious.
TrendBoard Shows Your Business’s Trends
What Secret Information is hidden in your accounting reports?
Did you know there is a vast amount of additional valuable information hidden in your normal accounting reports?
You can unpack it and improve your business with our easy to understand TrendBoard Analysis Tools
Here is just a taste of the extra information hidden in your Profit & Loss and Balance Sheet reports:
What is the chance of my business failing in the next 12 months?
What will my projected Profit be 1, 2 and 3 years into the future?
Having trouble finding cash to pay wages and suppliers? Find what’s ruining your cash flow.
If I sold my business right now, how much might I get?
Is my use of Labour getting better or worse?
AND that’s just the start!
TrendBoard is designed to be easy to understand. All you have to do is look for the numbers highlighted in red for rapid interpretation .
TrendBoard comes with a free ChangeBoard that tells you what impact a change in (say) prices will have on your business. You can play around with various changes and get an instant impact appraisal of those changes.
(Tip: a study showed an average 11% increase in profit for 1% increase in price!)
ChangeBoard Tests Sensitivity to Key Levers in Your Business
Free tool shows the impact of change on business; instantly!
Measuring the impact of change is called Sensitivity Analysis; or how much something changes for a 1 unit change in something else.
It makes a lot of sense to focus on the most sensitive issues first because that is where the biggest problems will come from and the greatest improvement lies
See the impact of these and more:
Percentage change in price
Change in sales revenue
Change in staff numbers
Change in Accounts Payable and Receivable and the impact on cash flow
Impact of changes on profitability
Change on business selling price
What revenue do you need to earn a desired profit?
Business DashBoard Combines Business Trends and Sensitivity
DashBoard is a monthly subscription that monitors your business each month, quarter and year.
It also incorporates a free TrendBoard and a ChangeBoard.
Our Best Insight into Monitoring and Growing your Business
Change in staff numbers
Change in Accounts Payable and Receivable and the impact on cash flow
Impact of changes on profitability
Change on business selling price
What revenue do you need to earn a desired profit?
Training on how to Fix Falling Profits
Rapid test to find the reasons for falling or unsatisfactory profit
Learn How to use your Accounting Reports to Find Reasons for Unsatisfactory Profits =>
MyDodeca Monitors your CPD
Professionals like doctors and lawyers have formal programs of Continuing Professional Development (CPD) to ensure they are abreast of the latest developments
As a small business Founder, your business will only be as good as you are. That’s a strong argument for putting some effort into your own CPD.
We believe there are 12 sets of skills a business leader needs to a greater or lesser extent
Do a self-appraisal on your personal strengths and weaknesses managing a business