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A collection of Blogs, Articles, Interviews & Videos intended to build business owner knowledge and perspective in order to build dreams.
PREDICT YOUR FUTURE WITH KPI's
I'm sure you know to set goals for your business, but how do you know you are going to achieve them?
Wouldn't you like to know in advance that you are on pace for success? Or, if you are going to miss, wouldn't you like to know and change course?
9 KEY PARTS OF A CASH FLOW FORECAST
The number one reason businesses fail is they run out of money. Therefore, the most critical thing an owner can know is their future cash flows. Here are some key elements to a Cash Flow Forecasting Tool.
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HOW TO USE THE P&L AS A STRATEGIC TOOL
Once the format of the P&L is understood the business owner can learn to use it as tool for strategic decisions. Segmentation by product and service are one way. Reviewing time periods is another to see the impact of the decisions. Here is a quick video.
UNDERSTANDING FINANCIAL STATEMENTS
Many owners ask what their financial statements mean. That is an indicator that many more have the same questions. Here a video that introduces what they are and shows how they are built. If you want to know more then please reach out. To me, your accountant, or someone you trust.
BUSINESS GOALS
Business Goals can be long term life goals or what you will do in the next 15 minutes.
In addition to direction setting and decision making you can measure your progress towards your goals.
Monroe, GA
817-538-8864
johndavis@actioncoach.com
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