Stocktaking can cause pain for many businesses. If you’ve already covered off your sales process, your ordering process and your credit handling process, you’re now ready to deal with the issue of counting stock. The result is accuracy as opposed to just getting through the process.
So many times as a business owner, we hear everyone say, “You need to delegate this. You need to get somebody else to do it.” Why don’t we do that? Why are we so flawed that advice might as well be etched in stone, then set beneath the base of the pyramids? I think the […]
Now that cashflow boost has ended, some businesses may be facing a cashflow chasm. One of the little hacks I’d like to share is how to work out if you need additional funding over the coming months.
What are the numbers that matter in your business? When you look at most great business entrepreneurs and titans of commerce, you often find that they have a set of numbers or a rule of thumbs that they use. Unfortunately, in this era of information overload, we can often be overwhelmed with too many numbers, facts, and figures, and you may be following the wrong metrics.