What is Operating Leverage and What Does it Mean to my Business?

What is Operating Leverage and What Does it Mean to my Business?

Operating leverage measures a company’s fixed costs as a percentage of its total costs (fixed and variable). It is used to evaluate the break-even point of a business as well as the likely profit levels on individual sales. If a large proportion of a company’s costs are fixed, it is considered to have high operating…

4 KPI’s You Should Be Using In Your Business
|

4 KPI’s You Should Be Using In Your Business

KPI’s, key performance indicators are critical for managing your business. You can’t manage what you don’t measure, right? Goals allow us to stay focused and manage our businesses effectively. Here are 4 KPI’s for you consider: Liquidity– You may be profitable, but how much cash do you have in your bank account?   Measure your cash…

What’s the impact of being one percent better?

What’s the impact of being one percent better?

Kaizen is the Japanese word for gradual continuous improvement. It simply means change for better. So, how does this apply to you and your business? As you begin to make plans for 2018, I’d like to challenge you to commit to making a series of 1% gradual continuous improvements in your business across the board….

2 Questions You Must Answer Before Talking to a Bank
|

2 Questions You Must Answer Before Talking to a Bank

Trying to get a line of credit? Frustrated with the bank process? You’re not alone. Navigating the banking landscape can be a very time consuming process.   There are two questions you need to answer before you start. Are you bank ready? Are you bankable? What is bank ready? Bank ready is nothing more than being…

How Does Strategy Affect Your Bottom Line?
|

How Does Strategy Affect Your Bottom Line?

In our past two articles, we’ve talked about how processes and people impact your bottom line. This week we’re going to talk about strategy. It will actually fit nicely in to what we’ve talked about the past two weeks because people execute strategy and there are processes required to execute it correctly. Here are 4…

How Do Your People Affect Your Bottom Line
|

How Do Your People Affect Your Bottom Line

Are you looking to fill vacancies in your organization? Having a hard time finding the right people? There’s a war for talent going on in the marketplace. There are not enough people to fill all the openings in your business. Your best prospects for employment are your competitor’s best people, but the reverse is also…

How do your Processes Affect your Bottom Line?
|

How do your Processes Affect your Bottom Line?

I’ve had several experiences with clients that are looking at their processes and discovering that they’re coming up short of expectations.   In two instances, processes were either non-existent or critical information wasn’t being captured which had a direct impact on work flow management, billing and cash flow. In order to have effective processes in your…

End of content

End of content