Person reaching up to the tree tops

PROFIT MARGINS

Do you know your profit margin percentages and how they compare in your industry and to other sectors? More importantly do they make sense to you? To Know Your Business, you need to Know Your Numbers. An essential component of your numbers are your margins. … Read More

lightning striking in the countryside

BAD REVENUE

Normally at this time of year Keogh Ryan Tierney Chartered Accountants do an event for business leaders in conjunction with The Timoney Leadership institute www.timoneyleadership.ie . Several years ago it was a fireside chat between Mike Webster, CEO Arvoia and John Killeen. During this discussion, the concept of ‘Bad Revenue’ was raised by Mike and it became one of the talking points of the event. … Read More

stormy cliffside Irish coast

MANAGEMENT INFORMATION SYSTEMS

I have been using the descriptor ‘Management Information Systems’ more recently as I educate businesses on Knowing their Numbers and I noticed it isn’t in common use anymore. When I trained as an accountant in KPMG, MIS was the focus for many businesses. Why don’t we hear about MIS as often anymore? … Read More

airport flag

PROJECTIONS, FORECASTS AND BUDGETS

So far in this blog I have kept away from topics that are likely to overexcite accountants!: It’s been all words and not much on numbers. I’ve got to be careful here that I don’t slide into the exciting world of the accountant and lose my general following. Six weeks in, I’m drawn to the murky world of projections, forecasts and budgets. … Read More

winter hiker reviewing a map in the mountains

OUTLINE FOR A BUSINESS PLAN

Your business plan should be concise, free from jargon and use language that focuses the mind of the reader on the objective. Ideally, a business plan should be no longer than 10 pages and each section should be contained on one page if possible. … Read More

boxers black and white

BUSINESS PLAN

Every good business has a business plan but as Mike Tyson said, “Everyone has a plan until they get punched in the mouth”. Well I guess, if you are fighting Mike Tyson, you have a plan for when you get punched in the mouth! … Read More

woman running up a mountain

STRATEGY AND YOUR HOW

STRATEGY AND YOUR HOW

It is essential to establish and understand WHY you are in business and then to develop a model of HOW you will deliver that vision. At a high level, your business model is your mission. Some organisations go to a lot of trouble to formulate a mission statement.

Read More

a-woman-looking-out-over-the-hills-of-south-dakota

STRATEGY AND YOUR WHY

STRATEGY AND YOUR WHY

What is strategy? In simple terms, it’s a plan but there are a couple of generally acceptable actions that you need to address to have a credible strategy.

Read More

man looking over the mountains at sunrise

Know your numbers

KNOW YOUR NUMBERS

To run a successful business and give it the opportunity to grow you need to understand where it is at now and how it is doing against your plan for it.  You need to Know Your Numbers, but what are these numbers? … Read More

lighthouse on the ocean rocky sunset

Numeric Blog

As part of the Numeric service offering I am starting a weekly Blog. Initially this Blog will build an accounting resource for founders, business owners and non-financial executives. As that resource fills out, we will start to add posts on more general business topics to assist founders and business owners … Read More