Seven keys to freedom by managing more with less

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Freedom is available to all business onwers who learn the art of managing more effectively

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Microsoft PowerPoint - Seven Keys to freedom by managing more with less.ppt

Copyright One Sherpa Pty Ltd 2010

Seven Keys to Freedom by Managing more with less

Copyright One Sherpa Pty Ltd 2010

What do you think management is about?

Copyright One Sherpa Pty Ltd 2010

Do you think its simply the operational and technical partsof your business?

Copyright One Sherpa Pty Ltd 2010

But what about the money and the numbers?

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Do you know precisely where the money has

disappeared in your business?

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I bet youve had this problem at some time.

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You pay all the wages for the employees

and the bills for the suppliers

and there is nothing left for you!!

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Becoming a real manager is about connecting the day to day

business with the money

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So here are seven keysIve found that will help you do this

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KEY#1Profit doesnt equal cash

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You cant take profit down to the bank and make a deposit!

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Profit can often be an opinion but

cash is a fact!

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KEY#2.Cash flow keeps the business going

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All the profit in the world cant be used to pay your wages

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Just like a flowing river, cash must flowthrough your business

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Cash is the one resource you can use to BUY anything!

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KEY#3.Management must include the money

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Do you leave the money issues to your book keeper or other people while you manage the business?

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If you try and hide from the money it will come and find you!

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When your business is running short of money ALL your employees will come running towards you looking for an answer

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A competent manager MUST know whats happening and what to do with the money

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KEY#4. Numbers can help you manage remotely

Copyright One Sherpa Pty Ltd 2010Do you often need to be in a hundred places at once?

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What this means is that sometimes you need to manage remotely

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In these circumstances all you have is numbers and paperwork

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and these are your greatest resources if you know how to use them properly

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Understanding the numbers means you can manage your time more effectively

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by influencing your business when youre not physically there

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KEY#5. Paperwork is paramount

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Are you allergic to paperwork?

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You must overcome this allergy as paperwork

is your greatest friend in management

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It charts the progress through your business and shows you whats happening

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Your profit is the outcome of your paperwork and

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If you really want to know

what profit youre making,

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make sure your

paperwork is up to

dateand

accurate

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KEY#6. Business is about flow

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When things get stuck in your business they become a pain in the neck

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Whether it isA supplier that wont supply,

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A customer that wont pay,

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A computer that wont compute

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or A product that you cant get right

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All of these represent a

lack of flow

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And of course the greatest pain is

when cash flow isnt flowing

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If in doubt look for places where you can get things flowing in your business

Copyright One Sherpa Pty Ltd 2010

If in doubt look for places where you can get things flowing in your business

Copyright One Sherpa Pty Ltd 2010

KEY#7. It is about the money

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How many times have you heard its

not about the money?

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Well business IS about the money

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At the end of the day if a business runs out of money it dies

Copyright One Sherpa Pty Ltd 2010

Make sure you dont neglect to manage the

money flow in your business

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Summary of tips:1. Profit doesnt equal cash

2. Cash flow keeps the business going3. Management must include the money4. Numbers can help you manage remotely5. Paperwork is paramount6. Business is about flow7. It is about the money

Copyright One Sherpa Pty Ltd 2010

Are you a business owner?

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Are you finding that you're working harder than ever, but at the end of the month you wonder

where all the money has

gone?

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Are you worried that another year of your life will pass you by, and you'll have made no real progress?

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How would you like to spend 60 seconds and get a business "health check" that will pinpoint the EXACT problem that your business is facing

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and give you specific, targeted advice about how to turn your business around

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and unlock the true wealth and potential locked up in the business you already own?

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It's easy, it's simple, it only takes one minute, and the best part of all, it's 100% free:

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Take you FREE business check checkup at:http://www.oneminutebusinesscheckup.com

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This presentation has been brought to you by:

An online global resource centre and membership community dedicated to helping small business owners

succeed and prosper

www.onesherpa.com

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