Meet Shyam-He can Turnaround Your Business
- February 29, 2020
- Posted by: SosAdmin)
- Category: Uncategorized
No CommentsManaging Director was utterly disappointed He finished reviewing the financials of YEAR 2019 with other BOARD MEMBERS Below is the summary of the financials: ◼️Sales: $14.3mn ◼️Gross Profit: $3mn ◼️Net Profit: $0.43m Though the company made profit of $0.43mn. It was way below the expectation. Despite increase in sales by
How a Virtual CFO helps you to manage cash flow
- September 11, 2019
- Posted by: SosAdmin)
- Category: Uncategorized
Sir, you need to make payment of 1.7 lakhs today Upon hearing this Ramesh fumbled his cup of coffee Ramesh was having a nice time with family.. until his accountant called He opened his bank account and was quite relieved to see the balance of 2.1 lakhs This was not the first time it happened,
How to get past your comfort zone
- August 25, 2019
- Posted by: SosAdmin)
- Category: Uncategorized
The biggest danger to any business is when stakeholders become too complacent in their business and start to take things lightly or for granted. The moment this happens “Business gets stuck”. They do not grow beyond certain point. So what’s the way forward? Start taking calculated risk: Just go back to the days, when you initially
How to Measure Profits in Business?
- August 25, 2019
- Posted by: SosAdmin)
- Category: Uncategorized
When it comes to growing the business, the no.1 thing on the business owner’s mind is sales. It is actually correct. The only way to grow the business is “INCREASING SALES” But in this process, they miss the crucial element which is profits Unless you are funded heavily, the only way to sustain the business is to
Using CFO to plan the growth
- August 25, 2019
- Posted by: SosAdmin)
- Category: Working Capital Management
Ramesh owns the company that manufactures automotive components. For financial year 2018-2019 company’s turnover is 27 cr. Looking at confirmed orders in hand and other deals in the pipe-line, the company is expected to do business of 46 cr in 2019-2020 While this is exciting news for Senthil, but he is also worried at the
How to Measure a Business Decision
- August 25, 2019
- Posted by: SosAdmin)
- Category: Uncategorized
Most of the business decisions are based on the immediate outcome. The second and third order consequences are not taken into consideration Let me explain with an example: Let’s say you decide to reduce marketing expenses budget to meet the cost-cutting demands. So what happens next, cost comes down and profitability goes up. But what
How to work on your business?
- August 25, 2019
- Posted by: SosAdmin)
- Category: Business Transformation
Picture this… Shyam wakes up at 7:30 am He checks his mobile for any emails Then he does his routine stuff and get ready to go to the office Upon reaching the office -His staff is waiting for him -Accountant is waiting for the payment to be approved -HR is waiting for the candidate to
Are you running your business on thin ice?
- August 20, 2019
- Posted by: SosAdmin)
- Category: Business Transformation
After going through financials of so many of our clients, we found one thing very common “They were running their business on thin ice”Their businesses were so badly managed that little increase in expenses blew up their profits and cashflow. Basically the companies were run in survival mode not in progressive mode You know when
Why do accountants make great lovers?
- August 20, 2019
- Posted by: SosAdmin)
- Category: Accounting
They are great with figures Cheap! Cheap! And a lame joke to add further But if you look closely, its fact that most of the business owners ultimately depend on the accountants for any financial transaction and information. Companies relies on data from the accountant But most of the times, information from accountant is restricted
How to Calculate Working Capital Cycle
- August 20, 2019
- Posted by: SosAdmin)
- Category: Working Capital Management
Mr. Shyam was worried that his business was not churning enough cash flow despite being profitable. So he appointed Kelkai – a financial consultant to study his business and find out what’s the reason for the shortage After one week of intense study he came to following conclusion: “Sir the Profit margins are very good