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It  s nearl y a New Financial Year   It  s t ime t o Measure, Manage and Improve It s time to stand back and look at your ...
Cont ent s Tact ic 1 ............................................................................................. Page 4 ...
What you should be thinking about for the year just finished and the year just starting from a financial performance persp...
These shoul d be reviewed  1. Compared to last year and ask where variances occurred and were they positive or negative an...
Have a look at the percentages as well as the dollar results. You can get a report from most accounting systems by percent...
Tact ic 2 - Cost of Goods  Consider ways you can reduce these - ask yourself  Are there alternative methods or suppliers I...
Tact ic 3 - Overheads  A little time spent finding improvements here can pay big dividends on your bottom line. Technology...
Tact ic 4 - Net Prof it   The reason most of us are in business  -  Ask yourself  Am I happy with the profit result  Is it...
Tact ic 5 - Bank Bal ance Cash is the  life-blood of any business and it needs to be carefully and proactively managed. It...
Tact ic 6 - Borrowings If cash is the  life blood of a business sometimes it needs an  infusion . Borrowing can often be a...
Business borrowing is not easy, so you need to consider what lenders look for in a potential borrower. Some things they lo...
Tact ic 7 - Account s Receivabl e  Cust omer Payment s Due  This is your money in the bank account of your customers. Once...
Tact ic 8 - Account s Payabl e  Suppl ier Payment s Due  This is your money in the bank account of your suppliers. If you ...
Tact ic 9 - Invent ory   St ock This is an area where cash can get held up. Try to think of stock as dollars piled up on t...
Tact ic 10 - Work   Jobs in Progress Another area where cash can get held up in materials and labour spent on jobs. Ask yo...
Tact ic 11 - Asset s Buying assets can be a minefield. Should you lease or hire them or should you just save the hassle an...