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Finance - F1

Review Your Financial Effectiveness

This Method shows you how to review what is happening in your business and where there is leakage and opportunity.

The purpose

Learn how to unpick the profit and loss account, balance sheet and cashflow statement to reveal the drivers that you can address early to ensure that your money has been effectively managed by the next year end.

Summary

Runagood® Business Methods are online, practical instructions that have been created by business owners who’ve successfully implemented them before.

 You can select from their recommended actions, assign responsibilities, set times and budgets, track progress and share and discuss the work remotely with colleagues and your Business Advisor, all from any device.

Steps included in this method

  • Profit & Loss Account (P&L)
  • P&L - Balance Sheet
  • Cashflow Statement – negative funds flow
  • Business Dashboard® Assessment
  • Balance Sheet - Net Asset Value / Shareholder Funds too low
  • P&L - Customer retention / repeat sales inadequate
  • P&L - Systems / technology investment inadequate
  • P&L - People productivity inadequate
  • P&L - Profit margin inadequate
  • P&L - Cashflow Statement
  • P&L - New customer acquisition rate inadequate