There are some simple things you can do today, to start increasing your profits without winning new clients. Making some minor changes to the way you do business will be barely noticeable to anyone- apart from you, of course, as you’ll know you are becoming more profitable. 1. Increase your prices. No really. A small…
Businesses are in the habit of measuring many things: customer satisfaction, financial performance, staff performance, market share and share value to name a few. And then there are hundreds of key performance indicators out there. David Parmenter has some books on the subject, in which he describes an endless number of them. But I think, one…
If you run your own business, no doubt you have had ‘writing a business plan’, on your to do list for some time. But who has time for that, when you are trying to get your business off the ground, right? Wrong. According to many sources, 90% of internet start-ups fail. You can lessen those odds…
When hiring finance staff personality is more important than experience and education. The first you are born with, the other two you can work on. Mark Dumon describes the 7 types of personalities which are deemed to fail in Finance. http://www.investopedia.com/articles/financialcareers/09/7-people-fail-finance.asp They include the Selfish Jerk, the Doormat and the Excel Lightweight. You may be surprised…
There are countless reasons why businesses fail, such as choosing the wrong business partner, not listening to your customers or avoiding having a business website. But if you choose only one thing to get right, make sure it’s your cash. 90% of small business failures are caused by poor cashflow, according to Dun & Bradstreet. Here are…