Discover Candidates to Include in Next Planning Round
An important part of any business planning system is to systematically identify possible improvements for consideration in the next Quarterly GamePlan. We need to cast a fairly wide net so there are a healthy number of “possibles” to be reduced down to the priority ones in our next GamePlan. We call these “possibles” GamePlan Candidates. We […]
People Management; both Yourself and Others
People Management Covers an Enormous Area People management is crucial to the sustainable operation of your business. Labour is often one of the largest costs in a business. Its is also often a relatively fixed cost so can have a big impact of profit during a downturn. Managing staff successfully is the key to a […]
Developing and Executing a Business Plan
Do You Really Need a Business Plan, You Ask? Every business leader must take control of the design and implementation of the direction for their business. Developing a Business Plan is the first crucial step toward this. If are you selling your business, a different type of Plan is important to ensure you get the […]
Business Plans: Why is it Important?
Business Plans: Why Construct a Plan Why is a business plan important? No matter what stage of life your business is at, you need a clear direction for you and your staff. Business plans are undertaken for many reasons. Growth, stabilisation, exit strategy are some. Do You Have a Comprehensive Strategy For Your Business? Begin […]
Business Problem Solving and Decision Making Tools
Inundated With Business Problems? Are you struggling with the business problem solving process? Would you love someone to brainstorm these problems with? Learn about the 5 whys and 5 Hows and how to solve complex problems. Drowning In Demands On Your Time? Learn about the 80/20 Rule and prioritise the problems you are facing. The […]
Monitor and Manage Business Performance and Finances
Not Sure Where to Start With Monitoring and Managing? Here, 12Faces discusses how and why to measure and monitor business performance and finances. There are simple trend graphs and business ratios that you can monitor in minutes per Quarter to get an indication if your business is developing a weakness somewhere. What Does This Cover […]
Performance DashBoard: Measure & Monitor Business
How to Make Informed Financial Decisions Do you receive your financial statements well after the end of the financial year? Then this area is for you. Use the articles below to create your performance dashboard. Release the Hidden Information in Your Reports Measure and monitor your business performance with the tools here. There is an […]
GamePlans for Business Life Cycle Stages
What Stage in The Life Cycle is Your Business? Businesses go through various Life Cycle stages that reflect what you, the owner, want out of the business. Is your business starting up? Or, are you wanting to grow it? Maybe you want to slow down a bit and benefit from the lifestyle that your business […]
Operating Cost Reduction by Improving Productivity
What are Operating Costs? Operating Costs are the costs that rise and fall with the volume of work you do. They include Production Costs and the Cost of the Goods you buy for resale (COGS). Reduce these by improving productivity as discovered by Henry Ford and later improved by Toyota. All Businesses Have a Production […]
How Increase Revenue for Your Business – D1
Is Your Revenue Stagnant or Declining? You can increase your revenue with several different approaches that don’t necessarily mean having to focus on selling more. Also scrutinise the areas of your business that directly relate to Revenue increase to see if you can benefit from other techniques as well. Revenue Increase Problems in Your Business? […]