Is your business a victim of the slow economic environment? Are you continuously struggling to make ends meet?
We have seen so many businesses come to us a little too late where they do not have enough to cover rent/salaries/super guarantee this month. Mind you, these are not just businesses with low sales but even the thriving businesses often find themselves in this situation. Primary reason? Lack of a good bookkeeping system and lack of KPI Management.
Most people underestimate the power of a good bookkeeping system.
A good bookkeeping system can:
– Show you how well each product line is performing;
– How profitable your business is each week/fortnight/month;
– acknowledge the cyclical trends in your business;
– analyse your cash flow requirements;
– assist business growth;
– minimize tax through tax planning strategies;
– understand the break-even point; and
so much more!
The best complimentary tool alongside your bookkeeping system is your KPI Management Portal. I cannot stress enough how much this has helped the businesses I have introduced this service to!
Having a clarity in Business Operations and Responsibility is absolutely necessary when you want to grow. A staff without proper direction and responsibility is a wasted resource and you cannot blame them for underachievement! It’s your job as a business owner to identify these KPIs and manage them.
If you would like to understand how we can implement a simple to use KPI Management System in your business, send me a message today.
Business Growth is hard at times due to market conditions but the worst situation is when you do not even see it coming and suddenly end up with a massive debt one day. Our systems ensure that you are fully aware of how your business is doing each week/fortnight/month so you can plan and manage it better.