Four Steps to Improve your Company’s Performance in 2017

Lori Williams – 01 Jan 2014

Here are four essential steps for improving your company’s performance and growing your business:

1. Know your Financials

Companies are dynamic organizations with a myriad of business functions occurring simultaneously. In order for the company to grow, each business function must operate collectively to produce an output in excess of the input. Gross Profit, Net Profit and Cash Flow monitor these relationships. They provide vital information about the health of the company. Specifically they can tell you:

(1) If you are selling your products/services at a high enough price to cover cost to produce.
(2) If your overhead cost are in alignment with the profit received from the sales.
(3) If you are profitable enough to sustain operations, pay shareholders and create equity for reinvestment .
(4) If your cash timing (collections and payments) are in sync and will provide the […]