Performance indicator

Growing your business – 3 Key Tips

Growing your business – 3 Key Tips

There comes a point when entrepreneurs/founders want to expand and grow their business, be it adding a new service/product, opening a new location or adding staff to grow existing services. I would recommend 3 key tips for businesses to consider before embarking on a growth phase. 1. Planning for growth…

KPIs’ for Business – don’t lose sight of the wood for the trees!

KPIs’ for Business – don’t lose sight of the wood for the trees!

I have written before on tips to set up KPIs’ and what the critical KPIs’ maybe. However, something a colleague mentioned recently had a familiar resonance to it. He said he had worked in an organisation which circulated 141 key performance indicators’ and no one bothered to look at them! It’s important…

Top  10 Tips on successful Debt Collection

Top 10 Tips on successful Debt Collection

One of my most read blogs is on effective credit control – see http://bit.ly/OhRw5E Debt collection is one of the most important business functions to maintain healthy cashflows and grow the business. So it is worth repeating the top tips for effective debt collection. Here are my top 10 tips:…

How to Value your Business

How to Value your Business

After getting ready for a business exit, the first thing that has to be done is to value the business. This is when the fun starts as there is no straight forward calculation that can determine the value of your business. The most important thing to remember is that the…

3 Critical Key Performance Indicators (KPIs’) to use in your Business

3 Critical Key Performance Indicators (KPIs’) to use in your Business

KPIs’ (Key Performance Indicators) are set up for absolutely anything these days from measuring SEO performance to customer satisfaction and it’s easy to get submerged in a sea of indicators. Everyone talks about them and mentions them in such jargon that it is vital to keep a clear head of…

3 Tips on setting up Key Performance Indicators for your Business (KPIs’)

3 Tips on setting up Key Performance Indicators for your Business (KPIs’)

Every business must have key performance indicators (KPIs’) to measure their progress against given objectives. KPIs’ can measure whatever you want but to make them a really powerful tool in your business, they should measure the key goals you have set yourself for the business. KPIs’ should be SMART –…

3 Key Tips on how to improve your cashflows

3 Key Tips on how to improve your cashflows

Improving the cash flows in your business sounds harder than it really is. Once you implement some of the tips below but still find it hard to improve cashflows, it maybe that your business itself is in trouble and needs major structural change. 1. Implement Key Performance Indicators (KPIs) You…