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 […]

Grow your numbers – Increase transaction value

DLA Partners Luxury Property Services in Natai since 2005 Transaction Value

The endless pursuit of new customers to grow a business often distracts us from looking after our existing ones. This pursuit can unintentionally cause a downward spiral. Spending more on marketing, while neglecting existing customers (and their sales needs), can put pressure on pricing. This can lead to a reduction in prices or a change […]

Turning washouts into wins

DLA Partners Luxury Property Services in Natai since 2005 Washouts

Some of us love a good failure story. While victories are inspiring, true tales of messing up are often more relatable, but most importantly, indispensable learning opportunities. If we can shift our perspective to see our flops as valuable progress, each washout can become a win. Eight ways to help failure breed success: 1. Change […]

Setting the right growth goals for your business

DLA Partners Luxury Property Services in Natai since 2005 Growth

If you’re going to grow your company in the right way, pinning down your goals and having a clear vision for the business from the outset is vital. You may want to increase profits and create an income that supports your lifestyle, or you are looking to increase market share and aim for hypergrowth. You […]

Know your numbers part 4 – Drilling down on your margins

DLA Partners Luxury Property Services in Natai since 2005 Drilling Down On Margins

Gains can always be made at the margins. These small incremental gains over a month or a year can have a significant impact on your bottom line. This could be additional profit you make from a single project, a single product or service, a particular geographic area, or a certain type of customer. Drilling down into […]

Know your numbers part 3 – Your Balance Sheet

DLA Partners Luxury Property Services in Natai since 2005 Balance

Knowing your numbers is vital to business success. The Balance Sheet is arguably the most important report, as it measures whether your business’s worth is increasing or decreasing. It illustrates the overall financial health of your business; whether it is funded appropriately, if there’s enough cash to pay the bills, and what the owners would have left […]

Know your numbers part 2 – Your Profit and Loss Report

DLA Partners Luxury Property Services in Natai since 2005 Pl

Understanding your numbers is critical if you want to control your business (instead of your business controlling you). Financial reports indicate whether your business is in good or poor health and can diagnose weaknesses before something becomes terminal. Let’s break down your Profit and Loss Report… Your Profit and Loss Report measures the overall efficiency […]