Is your back office working as efficiently as it could? This week I take a look at some of the common symptoms of back office inefficiency issues and offer a simple strategy to overcome it. The topic of back office efficiency has been in my sights of late; it always …
Displaying 15 Posts categorized under uncover your business potential
Setting Your Business Vision
Everyone knows the benefit of having a clear business vision and strategy! Or do they? The benefits of a clear strategy It’s imperative for all firms to have a clear business vision and to effectively communicate that vision to their employees. Without a clear business vision, there are bound to …
Execution Excellence: The 5 Key Disciplines
Execution Excellence: Where Most Firms Fail. You may have the greatest ideas in the world, but if they’re not well executed, you’re going nowhere. Great firms execute and great business owners know how to get stuff done! In my experience, execution excellence can be achieved in five key disciplines: 1. …
Understanding Your Finances: Overhead Percentage
Last week we looked at gross profit margin. This week we’re looking at overhead percentage and how both these figures determine your eventual net profit. More importantly, you’ll see how you can use these figures to highlight key issues in your business and save months, or even years of time …
Understanding Your Finances: Profit Margins
Profit Margins In my experience most firms collect loads of management information (MI). However, only a few use it to provide insight into what’s happening within their business. Ask any adviser about their MI and they’ll usually tell you their assets under management, monthly income or annual recurring income figures. While it’s …