3 Reasons To Keep Your Finance Targets Realistic
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Transcript of 3 Reasons To Keep Your Finance Targets Realistic
3 Reasons to Keep Your Finance Targets Realistic
Make your goals SMART
• Specific• Measurable• Attainable• Realistic• Timely
1. Demoralised staff
• Keep your targets slightly out of reach but achievable
• Impossible targets can lead to burn-out
2. Risk of overtrading
• Sustainable growth should be gradual• Keep your cost of sales in line with your actual
sales
3. Cash flow problems
• Set your finance targets in direct correlation to you cash flow forecast
• Without enough cash there is no business
Financial Literacy
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