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How to Reduce Procrastination in Business
Procrastination is the bane of many businesses, causing missed deadlines, unfinished projects, and wasted time. However, procrastination isn't always bad. Sometimes, it can be a sign that you need to take a break and recharge your batteries. In this article, we'll...
Business turnover
Business turnover, also known as revenue or sales, refers to the financial value of goods and services sold. This weeks video looks at Firstly, what sales turnover is Secondly, how it's measured Thirdly, its strengths Lastly, why it is a vanity metric for financial...
Investigating variances
Investigating variances, moreover, when to do so is an important part of any business. A variance is the difference between a budgeted figure and an actual figure. It can happen in almost any area of a business—sales, costs, profit margins, etc. There are five key...
Financial Controls – Five Steps
Financial control is vital for all types of business, from the smallest to the largest. Fundamentally controls are there to help you reach your business Northern star, your business goals. Effective financial control systems can ensure that your business operates...
How to achieve your business targets
How to achieve your business targets is one of the most important goals you have set for yourself. Many of us understand the basics of setting up and running a successful business, however knowing how to reach our desired outcome can be quite tricky! The good news is...
KPIs to use in your business – 10 of them
Are you feeling overwhelmed by the thought of tracking your business’s performance? You don’t have to be! While it can be tricky, understanding what Key Performance Indicators (KPIs) to track is essential to get a full picture of how your business is doing. When it...