Have you ever heard the saying, ‘Get the right people on the bus”? This also implies getting the wrong people off the bus, and the right people in the right seats! Unfortunately ‘The Bus’ itself is rarely discussed. So what if your business isn’t a bus? Maybe it‘s a jet boat with two seats or […]
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This isn’t typically a place where you will find a lot of wastage. Our experience is that business owners are very careful about managing their expenses, and the smaller the business is, the truer that statement is. Having said that, as a business grows, so do the layers of hierarchy. Management control can deteriorate, and […]
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Your gross profit margin is what is left from your total sales after variable costs are deducted. For example, if you are a retailer and your sales in a given period are $1,000,000 and the cost of the goods you sell in that period is $650,000, then your gross profit margin is $350,000, or 35%. […]
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Often a reduction in interest charges as well as significant cashflow improvements can be achieved with a regular review of existing debt. A good place to start is to list all bank loans, mortgages, finance company loans, hire purchases, credit card debts, and any other debts (don’t include amounts owed to suppliers in this list). […]
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Our ‘Building a Better Business in 10 Steps’ seminars, held in Hawke’s Bay & Wellington, were hugely successful last month. Those who attended not only reported being inspired by the learnings but also readily participated in the sessions, sharing their ideas and experiences with the rest of the group. “I left feeling very motivated and […]
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Our ‘Building a Better Business in 10 Steps’ seminars, held in Hawke’s Bay & Wellington, were hugely successful last month. Those who attended not only reported being inspired by the learnings but also readily participated in the sessions, sharing their ideas and experiences with the rest of the group. “I left feeling very motivated and […]
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