From local governments and charities to multinationals, a well-planned and implemented strategic planning program has helped these organizations plot their preferred future, rather than simply scrambling to react to change – good or bad – as it happens.
Archive for the ‘Financial’ Category
As you can see, a lot of productive time can be spent in trying to locate documents, when information can be at your fingertips. With the above scenarios, 3 hours of time had been lost looking for documents, if you charge $60.00 an hour that means lost revenues of $180.00. Then examine the bad debt due to poor monitoring which means a loss of money. This all adds up to loss profits and your unrecoverable time.
Confucius once said, “A man is measured by the quality of his life”. This is probably true, but how does one measure the quality of one’s business life? If you’ve ever wondered how well your business is doing — truly doing — one way to clear up the mystery is to use financial ratios. Financial [...]