The Theory of Constraints (TOC) is an important optimising technique that focuses on improving the throughput of work at the (usually) single bottleneck or constraint in the workflow. This Skills Module draws together a number of the 12Faces articles on the subject. One research project demonstrated that 89% of improvement...
What is sensitivity analysis?Free tool shows impact of changes on business; instantly!Use this free Business Modelling Tool to see the impact of (e.g.):percentage change in pricechange in sales revenuestaff numbers changeAccounts Payable and Receivable change and the impact on cash flowimpact of changes on profitabilitychange on business selling pricewhat revenue...
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...
Traditional Professionals are Trusted Advisors! We provide services to you and your clients via our affiliate program You are a trusted professional service provider to your clients You might see issues in their business that need more attention They might ask you for a referral to someone who can help with a business problem In either case,...
24/7 Strategy Solution for Small Business In a big business, the Chief Financial Officer (CFO) has the vital role of strategy coach and tracking what's going on and using that information to recommend future strategy. Most likely, you are too small to afford a CFO on staff at the moment! So you are...
Get personal business coaching and business mentoring on business strategy Just like it is hard to learn piano by yourself, business coaching can help build business skillsIt can be lonely out there for business leadersYour friends and family may not understand what you do and the problems you face. Also, there...
Price is a major determinant of the profitability of your business! A price change of as little as 1% can often lead to profit increases of up to 11%. A consultant study across 1,200 major businesses found that a 1-2% increase in price, assuming demand remained constant, on average would have increased...
Goals for your business are critical, otherwise, how do you know where you are heading? But, if you are not used to setting goals for your business, the first few times can be rather overwhelming. There is a lot of advice on what they should look like. The range of...
COVID Recovery Program Many otherwise healthy businesses are ramping up after COVIDWe would like to help! 12Faces donates its profits to educational charities As a contribution to getting business firing on all cylinders again we are offering scholarships: Pay 1/2 list price for the first 3 months Use only what services you want 100% money back if...
The Most Successful Businesses have a Plan But Business Plans are time consuming to put togetherOur online template lets you quickly build an easily updated PlanIts level of detail grows along with your experience and your business so it's never outdated There are a host of factors like: Sales, IT and Production that have...
