You've built a business that can't survive without you for two weeks, let alone two months. KPI's for Freedom: The 4 Numbers Every Owner Should Track to Step Back That's not a compliment to how hard you work, it's usually a warning sign about visibility. When you're the only person who truly understands the financial position of the business, delegating with confidence becomes almost impossible. It's important as a business owner to build the right information framework, so y
Your revenue is up, your team is stretched and the invoices are going out faster than ever. Yet your profit hasn't moved. This is one of the most common frustrations among directors and it usually comes down to one thing, a profit leak. The reason most owners don't spot it is that when you're busy managing a team and serving clients on a day-to-day basis, it can be genuinely easy to miss. What Is a Profit Leak? A profit leak is anything quietly eroding your profit margins wit
Most businesses sit down once a year to build a budget for the following year and then spend the next 12 months measuring performance against a plan that was already out of date three months later or they don’t even create a budget at all. Especially in today’s market, change is happening quicker than ever, markets shift, clients leave and opportunities appear. Yet, the annual budget which was built on assumptions that are now months old, carries on as the benchmark for your
