Profits Falling? Find Why and Fix
Is this true of your business? Profits falling? Changes in Revenue, Operating Costs and Overheads aren’t making sense for a falling Profit It’s impossible to work out just what is causing the Profit drop Even if I could, the solutions are not clear AND it’s impossible to know how any changes will impact my Profit […]
Simple Distressed Business Turnaround Strategy
Do You Have a Distressed Business, or Failing Business, and Need a Turnaround Plan? Profits need a turnaround strategy to boost a failing business!! Unclear how changes in Revenue, Operating Costs and Overheads will contribute to business turnaround It’s impossible to work out just what is causing the Profit drop Even if I could, the solutions […]
Clients with Ailing Profits ? Help them Find and Fix
Do You See These Problems in Your Clients’ Businesses? Profits are falling!! Changes in Revenue, Operating Costs and Overheads interact in very confusing ways; some up, some down. It’s impossible to work out just what is causing the Profit changes Even once we pick a likely cause of the symptoms, the solutions are not clear […]
C3.2 Get Ready: What’s Stopping You Growing Profits?
When setting out on a path to rapidly grow your profit, you are almost certainly going to have a few “crises of confidence” when you ask yourself “is this even possible”? There is no simple solution to this question but we will take a Profit Growth Reality Check here by examining a few of the […]
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 […]
C3.4 Go: How to Execute Your Profit Growth Strategy
So far in Grow your Business Enterprise in a Year (Growth365), we have discussed checking if your business can grow, planning to grow and now we look at executing the profit growth strategy.
If you are thinking “how do I do this” it probably looks like a huge impenetrable forest of issues that has likely caused many before you to give up at this point or adopt a timid “we’ll dip our toe in the water” approach. That means you won’t get very far along the route to the double your profit destination we have in mind. This article will start to turn that forest into steps that you can execute until they become habit and comparatively easy. This is a Yellow Belt (beginner) degree of difficulty.
C3.3 Get Set: Planning for Profit Growth
There are many alternative pathways to approach the issue of planning to grow your revenue and your profit. We make suggestions here on some of the philosophical issues you might want to consider. These will let you tailor your growth planning to suit your comfort level. This is part of our Boost Your Growth in a Year series (Growth365). It is a Yellow Belt (beginner) level Program.
C2.2 Introduction to Optimise100 Campaign
Every manager, and particularly an owner operator, is interested in increasing the operating efficiency of the business units they manage.
This article is 12Faces’s introduction to the Optimise100 campaign. A wide range of advice and methods have been distilled into a Professional Development Course. The course recommends a sequence of events so that you can realistically hope to optimise your existing business, and in turn, double your Profits within 100 days. These are outlined at the end of this introductory article. This is a Yellow Belt course.
Level 3: Money Management Menu
Failing to make a Profit, or incorrectly accounting for cash leading to a lack of money to pay debts and tax liability, are among the largest contributors to Business failure. With YOUR problem in mind, select the area below that best fits your problem. Note: Campaign, Skills Module or Leader’s Briefings signup may be required […]