Jim Rohn is quoted as saying, “Time is more valuable than money. You can get more money, but you cannot get more time.” Too true, right ! The question is how do high achievers seem to manage their time exceptionally well? We all get the same 24 hours in each day and yet some people achieve so much more with their time than others. The answer lies (partly) in good time management. By using time management techniques you can improve …
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Financial ratios are created from financial statements to gain meaningful information about a company’s performance. The numbers found on a company’s balance sheet, profit & loss (or income statement), and cash flow statement can be used to perform quantitative analysis to show a company’s liquidity, leverage, growth, margins, profitability, rates of return, valuation, and more. These ratios can be used to analyse a peer group to determine the average rate of profitability of a particular industry. Managers of a firm …
SWOT analysis is one of the most popular and widely used management tools. Creation of the framework is credited to Albert Humphrey (1926-2005). His goal was to assess all of a business’ strengths and weaknesses, as well as the potential opportunities and pitfalls to help develop a robust business strategy. It’s easy to implement and understand and as your business grows you’ll need a way to observe the bigger picture and develop strategies for your management teams to carry out. …
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