In this video, I explain how to use the break-even formula to calculate the increase needed in sales if you hire a new employee.
Before making a decision do you understand the financial impact? If you increase the price of a product, how much can sales drop before you have a problem?
Do you spend too much time reading financial reports? Or too much time trying to find the information you need?
In this video, I show how you can design a Profit & Loss Statement that is simpler and more relevant for non-financial managers.
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.
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.