Money Management: D6 Manage Business Finances

Tips on Managing Business Finances and Performance

Managing the cashflow and other financial aspects of a business is mission-critical. Many think it is is a bit of a ‘black art’ but it need not be. 12Faces helps to construct ‘best practices’ for money management. Are you overwhelmed by financial statements? Do you receive your accountants reports and find out that you have worked for little or no profit for the year? Are you frustrated because you can’t pay yourself an industry applicable salary? Business life does not need to be like that. Join us and we will show you how you can monitor your business on a monthly or quarterly basis. In turn, this will lead to fixing the problems in your business. Finally, you will have the cashflow to meet bills when they are due, pay yourself an industry wage AND make a profit. What are you waiting for? Money management is achievable! Contact us now at reception@12faces.business

08MayMay 8, 2023

Business Health Check: Get Insights with Business Analytics

Your Car's Dashboard Shows Progress and Warns of Looming ProblemsSmart Business Leaders use Business Analytics for the same reason12Faces 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...

By Scott WilliamsBusiness Analytics, Cornerstone, D6 Manage Business FinancesDevelop a Marketing Performance Review Strategy, Metrics, Risk Measurement and How to Manage RiskComments Off

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

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

02NovNovember 2, 2020

FREE Management Tools Download

Test Drive Our Management ToolsAll our services focus on Sustainable Business Success.We work closely with you with the Management Tools to help tune your business to your personal goals.Remove stressSave TimeLead Your TeamImprove CashflowGrow SustainablyPersonal Introduction to Our ServiceLet's explore, together, how we can help YOU boost your business.Take advantage of...

By Scott WilliamsD6 Manage Business Finances, Guest Home MenusProducts0 Comments

13MarMarch 13, 2020

C4.0 Troubled Business: Introduction to Turnaround90 (T90)

Is Your Business Enterprise Experiencing Financially Tough Times? It is a sad fact that many enterprises, both large and small, for and not-for profit, hit tough times and often don't survive.If you are experiencing tough times, this Campaign is designed to help by: (1) Rapidly stabilising your business to reduce further...

By Scott WilliamsC4: Turnaround90, Campaigns, D6 Manage Business FinancesBusiness Turnaround: Is Your Business Failing?, Cashflow, Exit Business, Legal Structure of a Business, Menu, Money to Pay Bills When They are Due, Optimizing, Problem Solving, Products, Sales, Sustainability in Business; Business Success, Sustainable Business, Turnaround 900 Comments

11JanJanuary 11, 2020

Grow365 Campaign Signup

Many Enterprises aspire to Grow Growth means different things to different types of enterprise. A for-profit business typically wants to grow profit. But, it might also want to grow its revenue and understands that profit might take a hit to finance growth. A public sector enterprise will have a Growth goal to service...

By Scott WilliamsD6 Manage Business FinancesProducts, Sustainability in Business; Business Success0 Comments

21AugAugust 21, 2019

How to Benefit from Cash Conversion Cycle (CCC)

How fast can you grow your business? This depends on how well you convert your sales into cash-in-hand. Is this conversion slow? You will need cash from other sources to fund your growth in sales volume and pay expenditures. Some expenditures will be for goods and services, others for capital items. The Cash Conversion Cycle...

By Scott WilliamsD6 Manage Business FinancesBlue Belt, Cash Flow Performance, Cashflow, Financial Ratio Analysis, Metrics, Money Mgt, Profit0 Comments

21AugAugust 21, 2019

How to Boost Your Accounts Receivable

Accounts Receivable: "The process of collecting money your customers owe you." Failure to have this process working well leads to insufficient cashflow and is a major contributor to business failure. Ignore it at your peril! Yellow Belt

By Scott WilliamsD6 Manage Business FinancesAccounts, Cash Flow Performance, Cash Flow Tools and Liquidity Management, Issue Management Planning, Money Mgt, Placeholder, Understanding Financial Statements: Management Accounting, Yellow Belt0 Comments

14AugAugust 14, 2019

How to Use Gross Margin Analysis

Gross Margin Analysis: Lets you diagnose problems caused by changes in Income and/or Variable Costs. Income and Variable Costs can move in different directions, or in the same direction, at different speeds. This can make it hard to work out what is causing an upturn or downturn in your business. The analysis tips here...

By Scott WilliamsD6 Manage Business FinancesCashflow, Financial Ratio Analysis, Metrics, Optimizing, Problem Solving, Understanding Financial Statements: Management Accounting, Yellow Belt0 Comments

14AugAugust 14, 2019

Overhead Margin Analysis Explained

Overhead Margin relates to Overhead Costs, which are the costs in your business that do not change directly with a change in your Revenue and/or a change in your Cost of Goods Sold (COGS). They include such things as: Rent, insurance. Interest. Salaries of permanent staff. Administration costs in general; telephone, office costs. Some elements of the...

By Scott WilliamsD6 Manage Business FinancesCashflow, Explained, Financial Ratio Analysis, Metrics, Optimizing, Overhead Costs, Problem Solving, Understanding Financial Statements: Management Accounting, Yellow Belt0 Comments

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