Profit measurement and improvement

We believe that you should want more from your accountant and we are happy to help you with our 9 step plan towards performance measurement and improvement....

We believe that you have to look at both your business and your personal life if you are going to set goals for the business as the two are intrinsically linked – through you!...

Having identified your goals you need to convert these into a business plan so that you know what your business needs to do to help you achieve these goals....

Once you have created your forecasts and budgets (see Develop your plan) you need to systematically measure your actual performance and compare it to your targets....

Every business is required by law to produce annual accounts and of course those annual accounts must comply with all the relevant rules and regulations....

It is almost impossible to evaluate how well you are doing in business by looking at one set of figures from one financial year. Performance is always relative....

Benchmarking is one of the most commonly used management tools in the world and it’s not hard to see why....

Is one of the reasons you own a business to create value for yourself? In other words, do you want to build a business that is actually worth something when you want to sell it or ...

Most businesses always have room for improvement and it can be dangerous for a business owner to sit back and assume that everything is going really well and will continue to do so...

Nothing changes until something changes so you need to develop and implement an action plan....