Avoid and Eliminate Financial Inefficiencies Before it is Too Late
Cash is the oxygen of all businesses. Without cash, businesses fail. You may well be profitable, but how are your cash flows?
Have the right balance ensuring you have adequate contingencies in place. 2022 is expected to be full of uncertainties and businesses must use cash consciously.
Financial Benchmarks and KPI's are crucial to hold your team accountable. Your Financials must be appraised to ensure that all red flags are identified.
Also equally important is to identify Financial Leverage drivers in order to double down your focus and action on the right business components.
Your Financials must include meaningful forecast with appropriate interpretation. Linear growth is a thing of the past. You must ensure that each and every condition moving forward is factored in.
Competition, disruption and opportunities to capture bigger market have to be fully thought through.
Your highest leverage is your staff. You must ensure you maximise return on employee time especially managers and executives.
Alter strategy to include more research and innovation in line with client's behaviours and needs.
Maximise value by tapping into your team's thinking and perceptions.