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Measure & manage

If you don’t measure it, you can’t manage it

You cannot be in control of a business if you don't know what is going on.

With bad numbers, or worse still, no numbers, a company is flying blind.

And it's really no good to you as business owner or manager if it is not timely.

As an example, take a trading company.  It's vital to know your stock levels.  Carry too much stock and you tie up working capital unnecessarily. Too little and you run out of stock.

And then there is cash flow, something that affects all businesses. Is there enough cash to meet your committments at the end of the month. If not, how do you bring in the extra cash? Who owes you money? Is it due soon?





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