Do understand the terms: Always read and understand the fine print before entering into a leasing agreement.Do Analyse the Maintenance Costs: When comparing the advantages of leasing to purchasing, don’t forget to account for the costs associated with repairs and upkeep of the company’s equipmen...
This article provides a deep dive into how to write a business plan, what is included in one, and the steps necessary to get there. But first, let’s take a look at the advantages of having a thorough business plan and why a poorly written plan can negatively impact your busi...
Financial projections outline your expected revenue, expenses, and profitability over the next few years. Include a break-even analysis,cash flow statement, andincome statement. 4. Mission and Goals Your mission statement should encapsulate the purpose of your business, while your goals outline what ...
Thus, while we’ll be using a few data points to understand a business, we want to keep our minds able to connect the dots in several areas todraw a picture that unlocks strategic insights that we can test. To provide a framework as a starting point to analyze any sort of business, y...
Understand the business structure, the nitty-gritty of business operations and collaboration between the various departments to streamline the process Develop the best practices for data collection and conduct research; Interview managers and analyse documentation to determine operational objectives Observe ...
Analyse transactions and orders for potentially suspicious activity: Make note of transactions that include unusually large orders or situations where the customer requests to modify the shipping address after payment. Clearly indicate your company name on invoices: This helps customers easily recognise a...
There’s also a closely-related metric called net working capital, which has a narrower definition. Let’s explore what working capital is, how it’s calculated, and the pros and cons of using this metric to analyse your business’ financial health. We’ll also look into what positive and...
But instead of worrying about the competition, use this as a positive opportunity to up your game and work out the unique advantages you have that will keep you competitive. Identify your top 3 competitors and analyse what they're doing well and where they’re coming up short. Try to be ...
How to analyse an M&A deal on the back of a napkin; Whether you own the aggressor or acquiree, here’s the playbook Stuart Kirk – Financial Times The 80/20 rule – also known as the Pareto principle after the Italian economist who wro...
Smaller cooperatives might only buy coffee after a contract is signed because of cash flow. Others have a two-payment structure, where a second payment is made after the harvest, averaging all contract prices. While it’s possible to access the farm gate price for every purchase on Algra...