Know Your Numbers
"Performance and Profitability" – Know your Numbers 
• Not moving forward in your performance and profitability?
• Not understanding the way forward?
Key performance indicators and business ratios are used by businesses of all sizes. KPI measurement uses data you already have, to show how well your business is performing. They will be different for each business, but the basic idea is the same. That is, to measure the important features of your business.
An example of this is: your blood pressure reading only says a little about your overall health. When you combine this with cholesterol levels and BMI, you and your doctor get a more informed picture of your overall health. In the same way, a single business KPI tells a small part of the story about your business. Looking at a set of business KPIs or metrics tells a bigger story. Measuring KPIs helps you understand your business from top to bottom. You can use that knowledge to make effective, strategic decisions.
Customer Mapping
Make Your Brand Stand Out And Shine
How can I increase my business’s visibility is a question I hear over and over again? If you have been looking into ways of growing your business, then the word branding has probably come up on numerous occasions. Branding is a process of creating and maintaining the conceived public image of your product or business. How then do you go about constructing a brand to fit in with your marketing?
Test Your Business Growth Curve
Test Your Business Growth Curve
Any business that is not growing is going backwards. Have a good look at your growth over the past few years and ask yourself the following questions.
- Am I still relevant to the market place
- How innovative am I?
- Where am I in the competitive field?
- How realistic and truthful am I about where my business really stands?
End of Year Profit Improvement
End Of Year Profit Improvement
Has the end of the year been dismal for your business?
I have had so many discussions over the last few months with many who have not had a great year. How can you change for next year if the economy for you is not great?
If you want your business to bring more money in, there are several ways you can increase Sales however we will talk about that next month!
This month let’s just briefly look at 4 things that might help you:
- Increasing Turnover Briefly
- Pricing
- Gross Profit Margin
- Controlling Fixed and Variable Expenses.