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 good chance of going […]
Critical Financials for Business Explained
Many Owners overlook the vital business health information available by an analysis of your financials It all sounds too hard so keeps getting put off till “later” But your profitability and cashflow is easily monitored for adverse trends Accounting terminology differs between countries and even between accountants. Use our accounting terminology translator for unfamiliar terms […]
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”.
How to Build Risk Management Systems
Everything a business does is risky to some extent. It’s one of the things business people have to live with on a continual basis and the willingness to shoulder more risk is one of the things that separates business owners from employees. Learn how to build Risk Management Systems in this article. Blue Belt You should […]
Benefit from Labour Efficiency Ratio Metric
The cost of labour is one of the largest overhead expenses in most businesses. Any inefficiency here is an expense that must be recovered from the potential Profit of the organisation. Labour tends to grow of its own accord and it is very difficult for the business operator to know just how labour productivity is going as […]
Learn about Daily Sales Outstanding Metric
Summary cashflow is the life blood of a business but it is a difficult thing to grasp as an abstract idea. “Is my cashflow OK?” is difficult to answer. Effective management of Accounts Receivables is part of the answer. The Accounts Receivable Daily Sales Outstanding (DSO) ratio, and its partner, the Daily Accounts Payable Outstanding (DPO) ratio respectively […]
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 […]
Monitor Business Performance: Discover Your Business Trends
Two Thirds of an Iceberg is Hidden Under Water! Sadly, your accounting system is probably not making valuable information very obvious. You have to do accounts for tax and compliance purposes.You think this is just an expense you have to live with. But, properly diagnosed, these accounts can tell you much, much, more about your […]
Business Health Check: Get Insights with Business Analytics
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 […]
Find Business Risk with Business DashBoard
What is Business Risk and why should you monitor with our Business DashBoards? Your Car’s Dashboard shows Progress and Warns of Looming Problems Smart Business Leaders use Business DashBoards to do the same thing 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.DashBoard is our tool to be confident you […]