technology

Can you make profits and still go bust?

Can you make profits and still go bust?

Yes, you can! Here are some scenarios where your business can be very profitable and still go bust. 1.  Growing too fast – a business can grow too fast and tie up cash in debtors and inventory, running out of cash to pay suppliers. 2.  Big deal sours – too much…

3 Tips on setting up Key Performance Indicators for your Business (KPIs’)

3 Tips on setting up Key Performance Indicators for your Business (KPIs’)

Every business must have key performance indicators (KPIs’) to measure their progress against given objectives. KPIs’ can measure whatever you want but to make them a really powerful tool in your business, they should measure the key goals you have set yourself for the business. KPIs’ should be SMART –…