Avoid Cash Flow challenges, reduce your average Debtor Collection Period (get paid quicker) by following this Basic Debtor Collection System; STEP 1: Review and Reduce Terms & Conditions No more end of month statements – they cost you time, money and resources and are not necessary. Terms COD, 7 or 14 days, invoiced at the time [...]
Tag Archives | Money
How to Improve Profitability – Stop Discounting Your Prices
If you want to improve profitability of your business, take a serious look at where you are discounting your products or services. The table below indicates the increases in your sales volume that is required to compensate for a price discounting strategy. Rarely has such a strategy worked in the past AND it’s unlikely to [...]
Increase Your Profit By Increasing Your Prices
When you adopt a premium pricing strategy the table below shows the amount by which your sales volume would have to decline following a price increase before your absolute gross profit is reduced below it’s present level. Your sales volume could DECLINE by the percentage shown before your Gross Profit is reduced. For example, at [...]
Simple Financial Ratios
Financial Ratios and Quality Indicators If you monitor the ratios on a regular basis you’ll gain insight into how effectively you are managing your business. Lenders also like to evaluate risk by using several sets of ratios; ratios of assets to liabilities, and ratios of lender-investor dollars to owner-investor dollars. Recognize that ratios are indicators [...]
Financial Mastery – Budgeting Basics Part 3
David Bater, continues with the 3rd part of Budgeting Basic in his Finacial Mastery series of articles.
Financial Mastery – Budgeting Basics Part 3
So how does a strong budgeting process help with you selling your business when the time is right? First, let’s walk through what people pay for when they buy a business:
Financial Mastery – Budgeting Basics Part 2
David Bater continues his set of articles on Financial Mastery – Budgeting Basics part 2
There are six things to keep in mind when building a strong budget including:
Financial Mastery Budgeting Basics – Part 1
David Bater writes: Keith Cunningham in his book (Keys to the Vault) says that: “Numbers are the language of business. If you can’t speak the language, then you can’t understand the business”.
Here’s why!
For Any Small Business Cash Flow – is KING!
In a recent interview ActionCOACH Business Coach David Bater was asked what the most important thing was for a small business owner. An intriguing question because small business owners are doing so much on a day in and day out basis so, after a bit of thought, the best answer was CASH FLOW.
How should you price a product?
It is a big question how you price your product as you take it to market? Not only does it drive your revenue number but also the profits you can take out of it at the back end. So, what is your pricing strategy? There are three typical ways that people go about pricing things: [...]
Accelerate Your Business Growth – In 6 Steps
Are You Working Too Hard and Feeling Stressed? – Successful Entrepreneurs Follow These 6 – Steps to Successful Business Growth AND a Balanced Life! Here’s how YOU can accelerate Your business growth and enyoy YOUR Life… Are you working harder than your business, or is your business working harder than you? If you are working harder than [...]
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The Only 5 Ways To Increase Profits in a Business
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Accelerate Your Business Growth – In 6 Steps
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How do I get my team to focus on the highest priorities of the business? Part 1
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Financial Mastery Budgeting Basics – Part 1
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The Gentle Art of Delegation
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10 Tips – How To Stay Young as a Leader
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Some Simple Truths about Marketing – Why Most Don’t Work…
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What Are The Attitudes of A Great TEAM Member?
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Setting Key Performance Indicators (KPI’s)
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Choosing to Change Your Life? – Here’s a Formula to Help…
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Attention Bristol Based Business Owners
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How To Manage Your Own Performance
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The Speed Of Change
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What Does Fear and Risk Mean to You?
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When Times Are Tough, Customer Service Matters
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212 Degrees – The Extra Degrees Count
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You Can’t Send A Duck To Eagle School
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Do You See Yourself as a Warrior or a Worrier?
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Attention Business Owners North Bristol & South Gloucestershire
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Where Does The Motivation Come From?
About David
Hi, I am David Bater writer of this BLOG. I work as a Business Growth Coach and Business Development Consultant with business owners and other professionals to help them achieve their business goals and reach their true potential.
Many professionals are highly skilled at what they do - but are not sure how to best market their capabilities and are uncomfortable in selling situations. I help them get comfortable and competent at marketing and selling their professional services - helping them to grow their businesses and build fulfilling careers.
On a personal note, Husband of 34 years to Nicola, father of two daughters and grandfather of three children. Pretend golfer and keen walker.
