Category Archives: Business performance

Budgeting & Setting Targets

Budgeting & Setting Targets

Budgets: Setting Targets Budgeting involves setting targets.  Clear targets motivate people to high performance levels. Budgets are your stories of tomorrow. They show choices, aims and objectives. Targets are typically shown in terms of money, i.e. income, costs and profits.  Tough targets play their part in motivation and performance. One use of budgets is to measure business performance.  If income

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The Art of Budgeting

The Art of Budgeting

A budget is a plan expressed in money.  Your budget tells your future story in monetary terms. Budgeting is one of the most powerful business and management tools around. It plays a key part in planning, control, and decision-making. In the beginning Firstly, decide who is going to be involved in the budgeting process, include those who will deliver specific

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Business Performance

Business Performance

Business Performance & How To Measure It Above all performance measurement and performance management plays a vital part in business success. Similarly also in sustainability and growth.  It is not a onetime event rather it is a continuous process. As a result successful business performance measurement and management can be summarised in the pneumonic Who: WhatHow Outcome What: is all about

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Cloud Accounting & Xero

Cloud Accounting & Xero

Above all a cloud-based accounting system like Xero helps you to manage your financial information. Similarly it can help run your business more efficiently and cost-effectively. Financial and business information plays a vital role in the management of businesses. It can be used for numerous day-to-day operations to: Comply with accounts, tax, PAYE and VAT obligations Tell us about levels

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