Are you playing in the growth game?

DLA Partners Luxury Property Services in Natai since 2005 Growth Plant

What’s your business growth looking like and where were you 12 months ago compared to today? If you haven’t given it much thought it is probably because you’re always stuck in the day-to-day operations. But it is worth spending some dedicated time to do some reflecting and planning. Growth doesn’t need to mean more risk, […]

Why you must set SMART goals

DLA Partners Luxury Property Services in Natai since 2005 Goal

You’ve probably heard of SMART goals and, spoiler alert, they’re not rocket science… but they do work. SMART goals are an excellent filter to maximise planning outcomes. With the SMART acronym comes five simple parameters; that any goal (if you truly want to achieve it) must be Specific, Measurable, Achievable, Relevant and Time-bound. When thinking […]

Grow your numbers – Increase your transaction frequency

DLA Partners Luxury Property Services in Natai since 2005 Attract

Have you ever done the maths on your average spend per customer? That is, how much your customers spend (on average) each time they buy from you. Simply take your total sales for any period (e.g. 12 months) and divide this by the total number of transactions or invoices for that period. When you know […]

2020 is only 3 months away – What’s in the forecast?

DLA Partners Luxury Property Services in Natai since 2005 Umbrellas

When we set out on a fishing trip or hike, we always check the weather forecast. It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction we’re heading. Your forecast will tell you: Whether you have enough sales in the pipeline to give you […]

What is employee engagement and why does it matter?

DLA Partners Luxury Property Services in Natai since 2005 Engagement

An engaged employee is a team member who is fully absorbed by and enthusiastic about their work, and who takes positive action to further a company’s reputation and interests and achieve their goals. More importantly, what does a disengaged team member look like? The symptoms range from a negative attitude, poor communication, absenteeism, lack of […]

Cash vs Accrual Accounting – It’s All About Timing

DLA Partners Luxury Property Services in Natai since 2005 Coins

What are the two methods? Understanding cash and accrual accounting comes down to timing. In a cash-based accounting system you recognise income and expenses when they happen, that is, when the money arrives into or leaves your bank. In an accrual-based accounting system, income is recognised at the date the customer is invoiced and expenses […]