Lusse, Monique. “Steps-Mill Valley.” 2014. JPEG file.
As the CEO of your company, there are some things you need to know about financial operations.
Here’s a six step process to increased profits and positive cash flow.
6 Steps to Increasing Your Company’s Profits
1. Know your numbers
2. Know some accounting lingo
3. Envision a new sales/gross profit/net profit target
4. Crunch the numbers with a What If? analysis
5. Budget your pick
6. Cash Flow your budget
2. Know some accounting lingo
3. Envision a new sales/gross profit/net profit target
4. Crunch the numbers with a What If? analysis
5. Budget your pick
6. Cash Flow your budget
Depending on your resources, intention and focus, this process can take anywhere from 1 day to 6 months. Your CFO will do all the heavy lifting and number crunching in these steps. But you can never abdicate or delegate the thinking part that goes into the vision.
Any questions about any of this?
Let me know in the comments.
I’m happy to answer them..