“We hate keeping track of time,” the business owner told me, shaking her head. “We really suck at it. But I want to know how efficiently our employees are working. I’d also like to see how our billable hours stack up against our competitors. Isn’t there another way than tracking time and labor dollars?” What …Read more
In my work with clients, I frequently hear some variation of “I’m working way too hard for too little money.” Most of our clients are long past start up, so the speaker is often someone who’s running a well-established business. The type of company that outsiders perceive as successful, stable, making it. But when I …Read more
I’ve been reading a lot about CEO pay lately. You’ve maybe read the same articles about the impending SEC requirement for disclosing the ratio between CEO pay and the median salary at those same companies. At Walmart the ratio was 1,133:1 for 2014. Starbucks came in at 669:1. UPS delivered a 533:1. Obscene numbers. And …Read more
What Can I Learn Today to Improve Our Financial Performance?
You can hear when an engine is running smoothly—or racing or sputtering. The same is true for the financial drivers of your business.
You just need to know what to listen for. The good news is that your numbers are talking all the time!
Here are the best ideas we can find on how to ask your business for the information you need, to understand what it says, and take action on what you learn.
- Accounting (7)
- Bookkeeping (21)
- Budgeting (8)
- Cash Flow (12)
- Payroll (4)
- Time Tracking (6)
- Uncategorized (2)