Setting the right growth goals for your business

Setting the right growth goals for your business

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...
Know your numbers part 4 – Drilling down on your margins

Know your numbers part 4 – Drilling down on your 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,...
Know your numbers part 3 – Your Balance Sheet

Know your numbers part 3 – Your Balance Sheet

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...
Know your numbers part 2 – Your Profit and Loss Report

Know your numbers part 2 – Your Profit and Loss Report

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...