Develop Street Smart Business Skills
Financial literacy: “Why & What Action to take”
Business Intelligence: “Where & How”
Street Smart Skills: “Who & When”
I used to think I knew what I was doing and every year when my
accountant gave me the financial reports I muddled my way
through until one day I said to him
I don't Know How to Read these Financial Reports
Please show me” After so long he was shocked and I felt a little silly as my
business was now turning over 5 million a year. Due to good luck not
good financial management.
I didn’t know the difference between Profit and Cash. Once I understood
how the financial reports all worked together, I was able to make every
day decisions to improve our financial position.
I knew how to monitor and ensure every contract I had, was profitable and
we received the cash flow on time always. Customer satisfaction was
paramount for the customer…Cash flow was critical for me.
“Go Beyond the Numbers” Was born from the ignorance found around
financial literacy. Peter Ho and I have spent 20 years supporting key fortune
500 companies around the world to develop street smart business
intelligence by understanding financial reporting.
What Is Business Intelligence ?
What makes a business successful? What is business intelligence?
Business intelligence is what makes business successful. If you are
intelligent, you are successful. We go into business to do what?
Make Money!
3 Keys To Successful Business
Sales
No sales, no income, no money. Very important, you must sell.
Selling is the most important activity in every business. The sales
people are the only people that bring money in.
Everyone Must Support The Sales Process
More often than not, the sales person come back. He has to fill-up
20 forms, just to get one piece of paper. Our job is to make the sales
people happy, stay motivated, so that they can go out and bring
in money. Without a sales people, without sales, we don’t need
anybody in the company.
Sales People Are The Most Important People
Innovate
We must constantly innovate. In the book called “Made in Japan”.
It states Sony is only three months ahead of their competitor. Constantly
innovating the sales process. Find out what the customer wants give it
to them in the most efficient way at a price they are happy to pay. You
will continue to increase sales.
Supporting sales and innovation, A business person must have
financial literacy.
Financial Literacy.
Warren Buffet, one of the richest people on earth, He said “we must
understand accounting, know how to interpret financial statements.
If not, then don’t invest yourself”.
Sales People Are The Most Important People
It's time to thrive in these trying times by taking advantage of this opportunity
for personal growth.
Latest Posts
10 Steps to Build an Effective
Sales System
In today's competitive market, having a
well-structured sales system
is crucial for the success of any business.
10 Things to Do If You Hit
Hard Times
Life is unpredictable, and hitting hard times is
something many
of us may face at some point.
Developing a Comprehensive
Crisis Management Plan
Creating a robust crisis management plan is
essential for mitigating risks
and maintaining business continuity
during emergencies.
Beyond KPIs – What Top CEOs Monitor Religiously
As a CEO you know the importance of KPIs (Key Performance Indicators)
in tracking a company’s performance.
Investing in Digital
Transformation for
Enhanced Operational
Flexibility
Digital transformation is crucial for
businesses aiming to remain
agile and responsive, especially
during disruptions like geopolitical
risks conflicts.
More to Explore
Be a Super Boss: 10 Secrets
Want to transform your team from ordinary to extraordinary? Forget the usual advice about communication and trust. Let’s dive into....
20 secrets to Address Inflation
Inflation can significantly impact your business by raising the cost of goods and services, thereby squeezing your profits.
20 Secrets to Manage Your Cash
Managing your cash effectively is crucial to building personal wealth. Here are 20 practical personal finance tips to help you manage.....
10 Steps to Create Your Social
Creating a social media strategy for your small business can seem daunting, but it's simpler than you think. A solid strategy can help you reach more customers.....
How to Create Your Marketing Plan
Creating a marketing plan might seem overwhelming, but it becomes manageable with clear steps and the right tools.
Here’s a comprehensive guide
Breakeven Analysis
Understanding your business's financial health is crucial.
One effective way to do this is through breakeven analysis.
This analysis helps you know when your business....
Create Financial Projections
Life is unpredictable, and hitting hard times is something many of us may face at some point. Whether it’s financial difficulties, personal loss, or professional.....
Budgeting Secrets
Budgeting is key to financial success. Here’s a guide combining secrets used by the wealthy with effective strategies for small to medium business owners.
Financial Principles
“The wealthy understand that true financial freedom comes from financial education, not necessarily formal education”.
Robert Kiyosaki .....
Disclaimer: The content shared on this blog and in these videos is for informational and educational purposes only. Despite my 30 years of experience as a business owner, I am not a certified financial advisor, accountant, or legal professional. The insights and tips shared are based on personal experiences and should not be taken as professional financial or legal advice. For financial, legal, or professional advice, please consult with a certified professional in the respective field. I disclaim any liability or responsibility for actions taken based on any information found in this blog or these videos.
Copyright Learn Accounting Fast - All Rights Reserved 2024
Facebook
Instagram
X
LinkedIn
Youtube