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A useful KPI set covers cash, profitability, demand, delivery and customer quality without creating unnecessary reporting. Start with the article’s 12 measures, define each one consistently…
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A practical budget translates the operating plan into monthly assumptions for revenue, direct costs, overhead, cash and capacity, then compares actual results with the original plan.…
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Start a cash-flow forecast with today’s cleared bank balance, then record when money should arrive and leave to produce a weekly or monthly running balance. A…
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Mark-up expresses profit as a percentage of cost, while margin expresses profit as a percentage of selling price. They are different: a 25% mark-up on a…
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Management accounts are regular internal reports covering performance, cash, assets, liabilities and the outlook while owners can still act. Unlike annual statutory accounts, they are shaped…
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A bank-ready business plan explains the business, its customers, its management, the funding required, how the money will be used and how cash will repay it.…
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