DO YOU KNOW YOUR BUSINESS NUMBERS??

 

Every transaction in Business involves numbers.  Whether you are buying or selling, numbers are important.

In manufacturing, numbers tell you the cost of each unit of goods produced.  In the service business, you need numbers to determine your charge out rate.

Business numbers show you how much you have put into your business (capital), how much you have made (profit), and how much you have taken out (drawings).

Business numbers help you know whether sales are increasing or declining.  Business numbers help you understand the difference between your cash in bank and the profit made.

Business numbers forms the basis for tracking and comparing transactions such as monthly, quarterly and annual sales; inflow and outflow from inception of business, etc.

The importance of business numbers cannot be over emphasized.

‘A business that does not know its numbers is weak.  It cannot access its growth; neither can it make projections to further grow its activities.’  This is a major reason why many businesses fail, because business owners do not understand their business numbers.

Understanding your business numbers is easy.

Let us help you know and understand your BUSINESS NUMBERS. Find contact details below.

Your friend and Financial advisor

Ehis Egbuji.

(Nigeria's Small Business Accountant)
ehisegbuji@gmail.com

**photo credit – enpnetwork.com

THE SECRET FORMULA FOR BUSINESS SUCCESS (The MYB ™ SERIES )

The secret formula for Business success is as old as man.  In the past, only a few were privileged to this SECRET FORMULA.

Over the years, many have embraced it and recorded remarkable success in their lives and business.  This SECRET FORMULA is called – FINANCIAL EDUCATION or FINANCIAL INTELLIGENCE. You will achieve Financial Success in your business  when you apply this FORMULA the right way.

BUSINESS SUCCESS FORMULA CHART 

IT STARTS WITH YOU  (business owner/CEO/ board of directors).
Your  first step towards success is to invest in your FINANCIAL EDUCATION.  You are the base of your business. The success of a business enterprise relies on the knowledge and experience of the owner(s)/Managers.  The amount of financial literacy you possess is what will take your business beyond its current position.  A financial knowledge gap can holdup the growth of your business and give your customers to your competitors.

NEXT IS YOUR TEAM/EMPLOYEES
Do you remember the popular quote – ‘garbage in, garbage out’? It’s the same when dealing with your team.  if you do not equip your team with ‘sound’ financial knowledge, they will make poor financial decisions for your business, which is a greater opportunity cost to you and your business.

Choose the lesser COST; create a WIN-WIN for you, your business and your team by investing in FINANCIAL EDUCATION.  Enrol in a course; purchase a training kit; attend seminars and workshops.  You will gain the COMPARATIVE ADVANTAGE of an enlightened and broaden FINANCIAL OUTLOOK.  You and your team will gain FINANCIAL MASTERY of your Business Finances.

‘Your investment in FINANCIAL LITERACY will pay you in the present  and in the future with HIGH RETURNS!’

FINANCIAL EDUCATION + YOU + YOUR TEAM = FINANCIAL + BUSINESS SUCCESS!

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DO YOU WANT TO EXPERIENCE GROWTH IN YOUR BUSINESS FINANCES? INVEST IN A BUSINESS FINANCE HEALTH CHECK(B.F.H.C) TODAY!  Sign up and get a ‘Free’ business FINANCE’ assessment sheet.
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I remain passionately committed to your Financial Success in Business!

Ehis Egbuji.