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.

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...

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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...

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Critical Financials for Business Explained

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

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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...

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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...

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