The Hidden Costs That Are Killing Your Business
The costs that cause the greatest damage to a business are often the ones that never appear in its accounts. Invoices are recorded, salaries are accounted for, purchases are allocated to departments and managers are expected to remain within their budgets. Financial reports provide a detailed picture of where money has been spent, making it…
Why Turnover Doesn’t Tell You If Your Business Is Healthy
When people talk about business performance, turnover is almost always the first figure mentioned. Annual reports open with it, newspapers use it to compare companies, and entrepreneurs often describe their own success by referring to how much they sell each year. It is easy to understand why. Turnover is simple, immediate and apparently objective. It…
KPIs, the cardinal points to drive the business
I want to approach probably at the most important point of analysis to drive the business: the KPIs, Key Performance Indicators. I talk, in another video, about the indicators we can check to evaluate the general health of a company; but in this video I want to approach another level of analysis. Every analysis starts…