Financial Management

BY COLIN RITCHIE

Financial Management

Helping Small Business Owners To Unlock the Profit They Deserve

Financial Management, Business Plans, Budgets, Key Performance Indicators

4 Key Monitoring Tools

1)Monthly figures

2)Budgets/Targets

3)Business Plans

4)Key Performance Indicators


1) Monthly Profit and Loss Statements

1)Monthly figures are critical

2)Analysis of the result is essential


Do you think these companies do monthly figures?


Who can afford to get it wrong?

OR


2) Budgets/Targets

Having a budget is critical

Comparing budget with actual results is essential

View David Levi’s comments in Cash Flow Improvement video


Budgets/Targets

If you think you can’t predict sales, so no point…..

Do you think BHP has a budget?


Who can afford not to budget?

OR


3) Business plans

What is your vision for your business?

Have you committed that to writing?

If not , why not?


Road Map

Do you have a Road Map of Where Your Business is Going?

If not, We can help you with that


4) Key Performance Indicators (KPI’s)

What KPI’s do you focus on?

Examples:Chargeable HoursCustomer Traffic


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Financial Management

Business

Transcript of Financial Management