Understanding Corporate Financial Data
If you are typical
Entrepreneur
You may have the confidence, intelligence and ambition needed to achieve your business plan.
If you have all these abilities, plus a more important factor, you will have all the requirements for business success.
The problem is that this key factor is usually a lot.
Entrepreneur
Leave it behind.
So what is the most important factor? It is a thorough understanding of all kinds of data in enterprises.
All
Entrepreneur
From nature, they are very focused and very motivated.
They focus on the next product and the next round of sales, but if they ask how much income they have last month or today's accounts receivable, they may have at most one vague concept.
Although we all know that the financial situation is helpful.
Administration
The essential tools for successful businesses remain the same.
For example, sales of a new company increase by 10% to 15% every month. Although the company can make profits, it seems that cash will never be enough.
A common mistake in this situation is to continue to ignore all kinds of data of the company, and eventually the enterprise is strangled by money.
But be knowledgeable and pay attention to the financial situation of enterprises.
Entrepreneur
It can be seen when the sales volume of the enterprise has declined and whether the accounts receivable has been gradually increased.
cash flow
Turn will also accelerate miraculously.
This enables enterprises to quickly pay suppliers and retailers, so that the working capital can go back to the right level.
So, what is all
Entrepreneur
What is the most important data that should be known? Below will focus on these data, and pay attention to these data will help to achieve the best financial business.
Administration
:
1 working capital.
Working capital refers to the funds available at present.
It is derived from current assets minus current liabilities.
Generally speaking, the current liabilities of every 1 US dollars should correspond to the current assets of 1.5 to 2 US dollars.
2 income.
Understand the monthly, quarterly, annual or even daily sales volume of an enterprise.
Compare actual sales and projected values to see if you are ahead or behind.
3 gross profit.
The direct cost of income minus the cost of production is gross profit.
In most cases, after deducting direct costs, there should be 50% or even more sales surplus.
4 profit margin.
Deduct the total amount of regular and administrative expenses from gross profit and divide it by sales.
The figures will show how profitable the company is.
If the figure is negative, then the enterprise is in a state of loss.
We must ensure that this figure is even or even higher than that of our competitors.
If the industry's average profit margin is 12%, and your corporate profit margin is 5%, then your
enterprise
Administration
Surely no competitor is so good.
Find ways to increase profitability.
5 regular expenditure and administrative expenses.
Entrepreneur
Three typical data must be well controlled.
Understand these data and always prepare to adjust them to use the current business environment.
They are:
6 pay.
This is usually one of the biggest expenses of enterprises.
When business falls,
Entrepreneur
We must quickly reduce our remuneration.
It's not funny, but it's about enterprise data.
Entrepreneur
Measures must be taken.
Seven
Marketing
Expenditure.
Maximal
Marketing
The cost is usually advertising.
Entrepreneur
Sales must be adjusted according to advertising expenses.
If there seems to be no relationship between advertising expenditure and actual sales, there must be some problems in advertising strategies.
The important thing is, if you don't compare advertising spending with actual sales, then how do you know how effective advertising can be?
8 R & D.
The effectiveness of research and development is not so easy to measure as advertising.
However, a smart manager usually sets a budget on the basis of forecasting expenditure to achieve a specific target need.
We must compare the invested capital with the achievement of the target and regularly check the progress of the enterprise.
Like reward and
Marketing
R & D is also a variable. Supervision and adjustment must be carried out to cater for the actual needs.
Compared with business data.
Entrepreneur
Understand enterprise data.
Entrepreneur
It has great advantages.
Financial situation can explain many problems. Understanding these problems behind data is one of the important factors for long-term success.
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