G5: Tracking Business Growth

Tracking business growth is important. Growing a business is a risky process!

You can easily overextend your finances, outgrow your staff and introduce inefficiencies from dead ends you experiment with, then reject, along the way. Your steady, successful, business growth needs monitoring systems to reduce the risks from growth. This category of resources provides insights on how to reduce and monitor progress and risks when growing your business.

Your business growth tracking and monitoring systems don’t have to be complex. Less than a dozen statistics are needed to alert you to unfavourable trends in your growing business.

10AprApril 10, 2023

How to Track progress with Fever Charts

Very often we would benefit from some visual method of alerting us to the fact that some process is becoming critical and needs our attention. One such visual aid is a “fever chart”.

By Scott WilliamsD11 Business Workflow, G5: Tracking Business GrowthEfficiencies, Inventory Performance Monitoring, Metrics0 Comments

20DecDecember 20, 2022

Gross Profit Margin Analysis Boosts Profit Explained

Gross Margin Analysis opens the door to understanding the complex interactions between Revenue, COGS (Cost of Goods Sold or Operating Expenses) and Gross Profit. It can be hard to understand why (e.g.) Revenue is going up but Gross Profit is going down! Gross Margin also lets you measure the operating...

By Scott WilliamsD6 Manage Business Finances, G5: Tracking Business GrowthCashflow, Explained, Financial Ratio Analysis, Gross Profit Margin Ratio, Metrics, Optimizing, Problem Solving, Understanding Financial Statements: Management Accounting, Yellow Belt0 Comments

30JunJune 30, 2022

Accounting Reports: TrendBoard User Manual

Release the hidden information in your accounting reports. This is a manual for using the 12Faces TrendBoard. The use of TrendBoard is designed to be self evident once you have used it once or twice. This manual will help you get started. If you continue to have difficulties, please go...

By Scott WilliamsG5: Tracking Business Growth0 Comments

11FebFebruary 11, 2022

Management Accounting Suggestions

In this article, we discuss some of the common improvements that can be made to small business management accounting bookkeeping systems to make them more useful for management accounting and performance measurement purposes.The usefulness of many of the tools and discussions in 12Faces rely on the quality and nature of...

By Scott WilliamsD6 Manage Business Finances, G5: Tracking Business GrowthCoaching and Mentoring: Beyond Your Expertise, Inventory Management Tools, Management Accounting System: How to Build, Understanding Financial Statements: Management Accounting0 Comments

05AprApril 5, 2020

Critical Financials for Business Explained

Critical Business Financials Explained provides a commentary on Tips that appear in the 12Faces TrendBoard family of analysis tools

By Scott WilliamsD10 Performance Analytics, G5: Tracking Business GrowthBusiness Turnaround: Is Your Business Failing?, Cash Flow Tools and Liquidity Management, Good Decision Making, How to Measure Cash Flow, Inventory Performance Monitoring, Management Accounting System: How to Build, Metrics, Planning, Problem Solving, Sustainable Business, Understanding Financial Statements: Management Accounting0 Comments

21AugAugust 21, 2019

How to Improve Cashflow Acceleration

A healthy cashflow is a major contributor to your business’s ability to survive and grow. Do you want to harness the power of your cashflow to grow your business? Are you struggling to pay bills when they fall due? Speeding up cashflow can help with both these goals. Cashflow Acceleration discusses how you can...

By Scott WilliamsD10 Performance Analytics, G5: Tracking Business GrowthAccounts, Cash Flow Performance, Cashflow, Inventory Performance Monitoring, Metrics, Money Mgt, Profit, Yellow Belt0 Comments

04SepSeptember 4, 2016

How to Measure Net Cashflow

Cashflow is the lifeblood of any business. If the speed you collect cash owing to you is slower than the rate you pay it out to your suppliers, you are going to find it increasingly difficult to find the money to pay your suppliers. Unless this is rectified, you stand a...

By Scott WilliamsD6 Manage Business Finances, G5: Tracking Business GrowthBlue Belt, Cash Flow Performance, Cash Flow Tools and Liquidity Management, Cashflow, Financial Ratio Analysis, How to Measure Cash Flow, Metrics, Money Mgt, Profit, Yellow Belt0 Comments

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