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Financial viability is at the heart of every for-profit business. In order to maintain increasing revenue and profit, doing regular reviews of the financial performance is mandatory. You can communicate the required financial information to other departments in the company through simple and easy-to-understand presentations. This slide pack offers you all the necessary tools to explain to non-specialised staff the ins and outs of financial viability using intuitive charts.
This chart is extremely useful for situations in which costs and investments are spread out over a longer period of time that could also be recurring annually. It helps keep track of all the past and future spending, as well as income sources, condensing them into a single matrix which is familiar and can be applied to more than just financial information.
Financial statements are a list of records tracking a person or entity’s financial activity. In order to have a functioning statement process, multiple criteria need to be made, such as security, accessibility, and clarity. The statements are essential in order for somebody to keep track of their income and spending and balance their sheets.
You can track your financial progress regularly by conducting an analysis every quarter. Setting goals beforehand and working towards them every three months is a great way of keeping focused and motivated without the goal is too far away.
Ensure transparency with financial information
Keep stakeholders up-to-date with unambiguous, clear and precise information
Plan for the future
Always ensure you have a well-determined goal that you and your team can aspire to
Reward for good performance
Something as simple as a green light next to a KPI can act as a massive morale boost
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VP of Marketing at Avella
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Strata Research
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Novozymes
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