We live in a world where data is growing exponentially; in 2017 more data will be created than in the last 5,000 years of humanity combined. For businesses of all sizes, this creates both enormous opportunity and enormous risk. Governance is a critical component of your data strategy but I want to put it aside forRead more
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This isn’t a new sales technique or piece of software. Just me sharing some insight about how accounting can help you increase your profit, by working out which of your products/services make money and which ones lose money. In a business selling more than one product, we need to analyse the figures in more detailRead more
The early days of a business are focussed on acquiring customers and delivering on the promises that are sold, be it through products or services. This focus means that in the initial stages financial acumen is not a competency that is necessarily core to success. At certain stages of the lifecycle of a business, theRead more
We’ve all got intuition, we sometimes call it gut feeling, common sense or instinct. A song you were humming comes on the radio, the phone rings and you just know it’s an old friend you haven’t spoken to for months. But for every instance you guessed it right, there were probably times you got itRead more
“Doomsday has come, the GFC is upon us, slash the budgeted headcount”, came the cry from head office. “But we can’t possibly,” responded the local team, “our people are our most important asset.” A good budget process should consider all the moving parts of the business. In our example, those that focussed solely on revenueRead more
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