What you measure you can manage

Small business software

Small business software is an essential tool for any business and we have two examples of excellent software designed for good business management. Business management software would include forecasting software and business software designed to improve profits together with having a good business plan, which does not necessarily have to be produced using software. Forecasting […]

15 Ways to Improve Net Cashflow

There are many ways of improving Cash Flow for a business and we have given you a few ideas to do just that. To help you see how these ideas can help your business it would be worth while doing some cash flow projections. The Cash Forecaster can be used as a management tool to […]

Formula for calculating net profit margin

The net profit in a business tells an investor or business owner how much money the company makes for every £1 it generates in sales revenue – the higher the profit the better the business. The net profit margin is calculated by dividing total net profit by total sales revenue, for example: XYZ Company Profit […]

Developing key performance indicators

Key Performance Indicators (KPI) are financial and non-financial measures used to help a business define and evaluate how successful it is and are used to monitor how the organisation is doing. Another term for KPIs is Key Success Indicators (KSI) and any business that uses KPIs is one that certainly has an advantage over businesses […]

Surviving the recession

There is no doubt that the recession is hitting everyone and as a result there are not many businesses that have not been affected so far. This is the time for the “Survival of the Fittest” and if you want to survive the recession you need to take action. Most businesses are stuck with the […]

What you measure you can manage!

An example of one aspect of your business that you should measure and manage is your advertising spend and how well it is working. I would hazzard a guess that most businesses do not monitor their advertising spend and what I mean is they don’t bother to gather information about how many leads are generated […]

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