Are you concerned about the financial information you are receiving? Not sure where the problems are stemming from? Financial ratio analysis provides you with this information by analysing the data contained within your Balance Sheet and Profit & Loss reports. Make financial decisions and provide correct information to any involved external parties. Monitor your ratio analysis on a monthly or quarterly basis. This will allow you to put out any financial fires before they take hold. There are a number of types of financial ratio analysis – Gross Margin Ratio, Liquidity Ratio, Working Capital Ratio amongst others. Measure Cash Flow and ensure that your business will have the funds to pay bills when they are due. Even take a wage for yourself.
This is the 12Faces structured roadmap to growing your business. We use the flywheel to explain the structure of the material. It is one of many possible roadmaps to growth. Use it as a suggestion tool to incorporate into your business planning. Yellow Belt