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Creat e Your Best Ever Year In Business Why is t he end of t he year al ways so st ressf ul   It s the same reason the end...
Tabl e of Cont ent s The sprint vs the marathon .......................................................... Page 3 3 unbeat...
The Race t o t he Finish Line December can be one of the most demanding and exhilarating months of the entire year. You re...
MEASURE   Your Fit ness Assessment The year has just ended and ideally you have access to financial reporting from your ac...
MEASURE  Revenue, Cost of Goods  Services   Gross Prof it Divide Chart of Account s by  -  Product category  -  Service ca...
MEASURE  Cost of Goods  Cost of Sal es  Are your cost of goods growing in line with your turnover  revenue , or are they h...
MEASURE  Overheads A little time spent finding improvements here can pay big dividends on your bottom line. Think creative...
MEASURE  Net Prof it The reason you re in business, we hope  MANAGE Ask yourself  -  Am I happy with the profit result   -...
MEASURE  Bank Bal ance Cash is the  life-blood of any business and it needs to be carefully and pro-actively managed. It s...
IMPROVE What lenders look at before they say YES Business borrowing is not easy at the moment, so you need to consider wha...
MEASURE  Account s Receivabl es Once you ve delivered a quality product or service and provided an invoice within the term...
MEASURE  Account s Payabl e If the person who pays suppliers is too efficient, it could be costing you unnecessary interes...
MEASURE  Your Invent ory This is an area where cash can get held up. Try to think of stock as dollars piled up on the stoc...
MEASURE  Work in Progress  Jobs in Progress  Another area where cash can get held up in materials and labour spent on jobs...
A quick word about your asset s  Buying assets can be a minefield. Should you lease or hire them or should you just save t...
money side of their business. They ve enjoyed improved cash flow, stronger profits, increased business value and most impo...