The new year is a great time to review your business and consider how to improve efficiency. Automation can help to standardise procedure, make processes cheaper and faster, improve reporting and help you focus on more productive activities.
Great projects start with an initial idea. Brainstorming is the process of developing ideas which can be implemented in successful businesses.
What Best Practices should you follow when conducting a Financial Review to ensure your decision-making is based on a thorough understanding of your business?
In this article, we look at ways the Finance Function should positively (and strategically) impact your business and help management make the best business decisions. How does your Finance Team stack up?
Which business drivers are important in your business? How does your business perform? Which driver would you most like to optimise? If you could increase performance by just 10% which approach would you choose? You probably won’t be able to optimise all your business drivers so understanding the impact that each one can have can be very helpful as you decide where to prioritise your efforts.
What 8 Areas Should you Review to maximise Marketing Return in your business? In our article, we outline key areas and how you can use analysis of industry data (and competitors) to inform what YOU should be doing now.
Business owners often complain they lack information to make decisions, in spite of many solutions which claim to provide intelligent, customised reporting. Identifying business problems that need solutions and then the data sets which support decision-making is a better approach and we accountants can add value in this process. Read how.
Old habits may be keeping your business from maximizing profitability. Breaking these habits will strengthen the business. OBT’s accountants are well-placed to help you change since we deal with the relevant numbers, can perform the analysis and can make actionable recommendations. Don’t get stuck with old bad habits, especially where there are opportunities to quickly improve the bottom line.
Read how OBT’s Business Solutions team can help ensure your pricing strategy will support your business, irrespective of whether you are prioritising new customer acquisition, revenue growth, profit growth, entering new markets or market share growth.
Working with an accountant who is also a specialist business advisor to provide specific management advice makes a lot of sense, yet only a few firms are qualified and confident enough to do so. Read why.