seven keys to freedom by managing more with less

© Copyright – One Sherpa Pty Ltd 2010

Seven Keys to Freedom by Managing more with less


What do you think management is about?


Do you think it’s simply the operational and technical partsof your business?


But what about the money and the numbers?


Do you know precisely where the money has disappeared in your business?


I bet you’ve had this problem at some time….


You pay all the wages for the employees

and the bills for the suppliers

and there is nothing left for you!!


Becoming a real manager is about connecting the day to day

business with the money


So here are seven keysI’ve found that will help you do this


KEY#1Profit doesn’t equal cash


You can’t take profit down to the bank and make a deposit!


Profit can often be an opinion but cash is a fact!


KEY#2.Cash flow keeps the business going


All the profit in the world can’t be used to pay your wages


Just like a flowing river, cash must flowthrough your business


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


KEY#3.Management must include the money


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


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


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


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


KEY#4. Numbers can help you manage remotely


What this means is that sometimes you need to manage remotely


In these circumstances all you have is numbers and paperwork


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


Understanding the numbers means you can manage your time more effectively


…by influencing your business when you’re not physically there


KEY#5. Paperwork is paramount


Are you allergic to paperwork?


You must overcome this allergy as paperwork

is your greatest friend in management


It charts the progress through your business and shows you what’s happening


Your profit is the outcome of your paperwork and…


If you really want to know what profit

you’re making,


make sure your

paperwork is up to

dateand

accurate


KEY#6. Business is about flow


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


Whether it isA supplier that won’t supply,


A customer that won’t pay,


A computer that won’t compute


or A product that you can’t get right


All of these represent a lack of flow


And of course the greatest pain is when cash flow

isn’t flowing


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


KEY#7. It is about the money


How many times have you heard it’s

not about the money?


Well business IS about the money


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


Make sure you don’t neglect to manage the

money flow in your business


Summary of tips:1. Profit doesn’t equal cash2. 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


Are you a business owner?


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?


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


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