Posts Tagged "Analysis for Managers"

Analysis for Managers: Financial Ratios

Posted on May 31, 2017 in Setting up a Small Business, Small Business, Small Business Tips and Tricks Series, Taxes | Comments Off on Analysis for Managers: Financial Ratios

Analysis for Managers: Financial Ratios   If I were to tell you that someone weighs 75 lbs, you might say that he/she is a very light person. But what if I told you that person was a one-year-old? You would probably either fall off your chair, drop you phone on the ground or just flat out think I was bluffing. And what if I told you that a certain company made a $1 million profit last year? Sounds like a big number, right? Does it change your perspective if I tell you that this company did $100 billion in sales last year? That’s only a 0.1% profit margin. Pretty slim in all reality. The...

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Analysis for Managers: Industry Analysis

Posted on Mar 31, 2017 in Small Business, Success | Comments Off on Analysis for Managers: Industry Analysis

Analysis for Managers: Industry Analysis   The next important analysis to undertake around your business is an industry analysis. This is where we look at the entire landscape of the economic branch in which your business operates. To do this we’ll use a well-known and effective tool, called the “Porter’s Five Forces,” which helps a manager to understand the current and future profitability outlook of his/her business. Figuratively and literally, each of these “forces” presses/suppresses profit margins within a given industry. So, grab some paper, a...

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Analysis for Managers: Customer Analysis

Posted on Mar 30, 2017 in Small Business | Comments Off on Analysis for Managers: Customer Analysis

Analysis for Managers: Customer Analysis   As we begin our first functional post on analysis, let’s begin with a simple definition. One simple definition is: “ [A] detailed examination of the elements or structure of something, typically as a basis for discussion or interpretation.” With that in mind, today we’re going to examine our customer base and interpret their interactions with our business. The two main things we recommend are 1) building and maintaining a detailed customer base and 2) talking to your customers. Building a database will help you to discover patterns in your...

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