Business Tip #1/5 – “How to Milk Your Cash Cow”

Most business owners think that they’re already squeezing every cent they can from their business…

However, shrewd and successful entrepreneurs know that there are always more ways to streamline your operations.

Think of it this way.

There is more than one way to milk a cow.

One of those ways is sure to give you more milk than the rest.

Every business is a “cash cow.” If you don’t milk it properly, then you are not reaping its full benefits.

One way to know if you are milking it correctly is by checking your operations and seeing if there are certain areas that you can still improve.

 

• Are there holes in your system that causes spoilage?

• Are you making sure that you are picking the cheapest, but most quality supplier for your raw materials?

• Are your employees allowed to get away with falsifying vacation or sick leave records?

• Is your inventory count being manipulated that you don’t know the real picture?

 

When the business is young, it is easy to turn the other cheek for the sake of progress. As the business matures and there are no new markets to conquer, your growth starts relying on making sure the costs are low and the overall process is more efficient.

How is your cow? Are you milking it correctly?

 

SEMINARS THAT CAN HELP

 

Operations Auditing

Whether you are a practicing internal auditor or an entrepreneur who wants to optimize the checks and balances of his business systems

readmore | join us

 

Financial Analysis Tools and Techniques

Financial statements are like your report card. If you don’t know how to read your report card, how will you know that you are failing?

readmore | join us

 

 

 

 

 

Author: Donna Pacheco

Posted by:Entrepreneurs Accounting Academy

9 days before Accounting for Non-Accountants Seminar

August 9, 2011

9 Days before

Accounting for Non-Accountants Seminar

In today’s business environment, it is essential to know how to ask the right financial questions and fully understand their respective answers.

Accounting for Non-Accountants Seminar enables you to understand and interpret accounting reports and to use accounting skills needed in making effective business decisions. Financial reports are an increasingly invaluable tool for businesses. More than just a summary of statistics, financial statements serve as an instrument to analyze business operations based on their financial performance.

This seminar focuses on basic accounting concepts and processes. By establishing a foundation of knowledge on the accounting process, participants will be better armed to make informed management decisions.

Learning Objective:

• Understand accounting terminology
• Understand accounting processes and practices used to measure and record business transactions
• Understand the process of preparing financial statements
• Analyze and interpret financial statements
• Identify ways of using financial statements to acquire an insight into improving business operations

Target Audience:

• Managers of larger organisations who want a good understanding of financial reports and the ability to utilise this information productively.
• Small to medium business owners who want more involvement with their company finances, enabling closer monitoring and control of its financial performance.
• Bookkeepers or accounts clerks who want a greater appreciation of accounting terminology and processes.
• Professionals who are working in, or wish to work in general management and are required to use and understand financial reports.

REGISTER TODAY

To your success,

SARAH SAAVEDRA-SONGALIA

EAA Managing Director

Effective Payroll Management

September 7, 2011

Make sure you know everything you need to know about payroll calculations, and get up-to-date on the latest rules and regulations.

 

readmore | register

 

 

Financial Analysis Tools and Techniques

August 24, 2011

Financial statements are like your report card. If you don’t know how to read your report card, how will you know that you are failing?

readmore | register

 

 

Warehouse Management and Inventory Control

August 25-26, 2011

If you don't play your cards right, buying too much inventory may just destroy you.

 

readmore | register

 

 

Operations Auditing

August 31-Sept. 1, 2011

Whether you are a practicing internal auditor or an entrepreneur who wants to optimize the checks and balances of his business systems

 

readmore | register

 

 

TAKE OUR ONLINE SEMINAR

Save time, save travel expenses, and enjoy the same material at REDUCED prices. Why take it online? readmore

ONLINE SEMINAR SCHEDULE

• Financial Analysis Tools & Techniques - August 31-Sept.2, 2011
• Credit and Collection - Sept. 6 - Sept.9, 2011
• Budgeting and Forecasting - Sept. 13 - Sept. 16, 2011
• Comprehensive Tax - Sept. 20 - Sept. 23, 2011
• Compensation and Benefits - Sept. 27 - Sept. 30, 2011
• Effective Payroll Management - October 4 - Oct. 7, 2011
• Cashflow Management - October 11 - Oct. 14, 2011

Register Now in our Online Trainings

TAKE OUR ONLINE SEMINAR

FREE TRIAL ONLINE SEMINAR

Warning: Your Star Employee Can Leave You Anytime

In the war for talent, where does your company stand?

Are you actively trying to keep your people or are you just watching them go one by one?

It’s no secret that GREAT people make GREAT organizations.

Can you identify the people your company can’t live without?

*Is it your Salesperson who goes beyond her quota time and time again, knows all your clients by name, and is loved by each and every one of them?

*Is it your Operations Head who is on point on all production schedules and motivates all his people to go beyond their job descriptions?

*Or maybe... it’s your Business Development Officer who tirelessly thinks up of projects that bring in new revenue streams time and time again?

You know that you have a superstar when you have one. While they may love working for you, if you do not pay them correctly, other companies will come knocking at their door.

Watch out for the signs. They may stop showing up for work. They may start shirking their work responsibilities. You may even find them taking longer lunch breaks than usual.

And when they finally confront you with their resignation letter, it may be too late for you to convince them to stay.

WHY WAIT?

Keep your team intact by enrolling in our compensation seminars.
Scroll down to learn more.

 

 

 

COMPENSATION AND BENEFITS

A happy employee is a productive employee. Have you been paying attention to your team? Learn how to package incentives, benefits, and compensation that will push your team to excel beyond expectations. Click here to learn more.

EFFECTIVE PAYROLL MANAGEMENT

Paying the wrong wages can lead to lawsuits. Keep yourself up to date with the latest laws and regulations governing payroll. Stop making mistakes when computing for employee taxes by attending our seminar. Click here to learn more.