Financial reports are not a necessary evil. They can be helpful in making decisions to grow your business. To get the most out of your financial reports, you need to have the right balance of three elements.
Here are five elements that a new CEO should consider when reviewing the financials.
Many business owners work hard to get their product right and attracting potential customers. But spend little time on the decision that rewards all that hard work – setting the price.
You can learn a lot from your accountant but are you asking the right questions?
In this video, I discuss a simple framework to get more from your end of year visit to the accountant.
Many small business owners make decisions based on how much money is in the bank. Not on their financial reports. This will lead to cash flow problems, always.
Focus on five tips for empowering your team and there are different ways, and we’ve some of the earlier videos talked about setting up the right culture, etc.
The financial reports don’t give the whole story. They show the score at a particular point in time, but don’t show how you actually played. Where you are winning and what areas you need improving.
Career limiting or an opportunity?
‘How do I give feedback to my boss?’
Warning signs I have found when working with businesses that have an increased risk of cash flow problems in the future.
Have you ever had a boss who felt like they were micro-managing you?
In this video I discuss strategies that a leader or team member that are struggling with a boss that they consider is micromanaging them.