Read more: Triple Play: Real-World Examples of Business Opportunities and Growth
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Zoho Analytics and Power BI for Dear Inventory
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Calculating the effect of price and mix changes on sales and margin
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Perpetual Inventory System vs Periodic Inventory System
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Measuring procurement: The Purchasing Efficiency KPI
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Cash vs Profit, and the reason for depreciation
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Business Start Up Financials
Business Start Up Financials Some notes on starting a business in Australia Introduction Who is this for? This book is for people looking to start a small business who want to understand basic business financials and who want to make a useful but simple financial plan covering the first two years. It focuses on practical realities, such as what you need from the business to replace the job you are giving up. This book is designed to give you some important financial skills for running a small business to produce a financial plan for the first two years of your new business. Starting a business is much more than making a financial plan. This book touches on some of these additional topics, but it doesn't go into much detail about making the full business plan. This book is sold as a bundle with a spreadsheet. The spreadsheet is a practical, simple financial plan. Business financial plans can be high-level and long-term, but this one is short-term and detailed. It's designed to help you...
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Business drivers
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Balanced Scorecards: a tool for growth
Mission and vision statements are ridiculous. If you agree, time to learn about the balanced score card for SMEs. An idea from the 1990s which is a genuine classic.
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Transforming the SME Finance Department: Part 1
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Business Plans to raise money for growth
Business Plans that don't explain business value are almost useless GrowthPath business plans help unlock the funding and focus needed to grow your business. Since 2008, Tim Richardson has been helping Australian businesses access money needed for growth. He also launch new businesses (and he teaches Small Business Management as a visiting trainer at the Holmesglen Business Enterprise Unit). What is the key to GrowthPath's business planning success? Our business plans focus on proving how your business will become valuable. The plan and the financial model are closely integrated. Our plans are customised to each specific business, and use comprehensive, objective market research. We clearly explain what makes your business special, and why it is hard to copy. Our approach is a proven choice if you're looking to sell your business, raise funds for expansion or understand the best options for growth. Each business is a special combination of a market opportunity and your unique way of...
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Contribution vs Gross Margin
Most businesses use the default settings from their accounting system which usually causes the gross margin to be reported too high. This causes profit leaks due to mistakenly under-quoting, over-spending on sales promotions and mistakes about understanding the true profit of different customers. This is one of the easiest mistakes to repair. A few simple tweaks is all it takes to fix the problem by moving to a correct margin. This article discusses correctly identifying variable costs, and how to get contribution margin from your accounting system, be it MYOB, Saasu, Xero or QuickBooks. Part of GrowthPath's Profit Engineering Essential Skills series
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When to welcome risk
A really good example of taking a decision about risk is currency risk. This risk is easy to measure, and easy to insure against via "hedging". Sometimes risk hedging throws away an opportunity to outperform competition. Risk hedging may cost more than you realise; for some businesses, currency risk can be turned to advantage. The profit of a businesses come from taking the right risks. This discussion of hedging currency risk is an illustration of how to decide to insure against a risk, or to turn into a source of profit.
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Goodbye Budgets
Goodbye budgets "Budgets aren't what they used to be," one CFO told us for this month's cover story. At a growing number of companies, in fact, budgets have ceased to be at all." Why is that?
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Free shipping for online retailers: there's a right way, and a wrong way
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Agility is not the same as being small
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Why Business Plans and Business Valuation are inseparable
Bank and investors translate business ideas into cash-flows. You should view a business plan as a life-support mechanism for a set of financial projections. Keep this in mind, and your business plan will become powerfully credible.
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Good responses to surprises are better if they are fast
Fast, well informed decisions make money. But good decisions made too slowly can mean a lost opportunity.
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Strategic planning is over-rated; growth comes from seeing opportunity
US consultant Kaihan Krippendorff says "small businesses should scrap strategic planning" and we agree.
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Decision-making: engine-room of business growth
You can only spend a dollar once. Learn how decision-making techniques let small and medium sized businesses make the right business investment choices.
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What is Opportunity-based Growth?
Why does GrowthPath recommend the Opportunity-based approach to growth? Most traditional approaches to business planning and strategy assume that you can predict the future and influence the environment. In fact, the real growth opportunity for flexible SMEs is taking advantage of surprises.
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Real-World Examples of Business Opportunities and Growth
Three places to find growth opportunities 1: within your current customer base. 2: optimize pricing and target new customers. 3: acquisitions .
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growth through focus and agility: the role of SME finance teams
Turning bean counters into gold Business Growth and modern finance teams SME finance teams should be driving the three elements of growth: awareness of profitable opportunities a fast response the ability to finance growth through cashflow management