A crystal ball would be handy in business. Likewise, forecasting (based on essential tools and techniques) can provide you with an informed view of the future of your business and finances. One way to help improve your business decision-making is to produce regular management information. But looking at historical numbers can only
Are you looking to grow your business? Pathfinder Solutions suggests focusing on seven smart strategies. The first five increase your sales; the final two reduce costs and improve your margin and profitability. Which of the seven will you target first? Talk to us – and we'll help you get on track. Even
Everyone knows that each team member should have a job description - it gives clarity on the responsibilities and tasks, and the KPIs and expectations of each role. We can then monitor and measure performance and as the saying goes 'what gets measured gets done'. But too many business owners fail to do the same for their
One of the top ways that Business Owners can free up time is to delegate effectively. Delegation doesn’t mean abdicating responsibility. Abdication looks like this: Issuing the task to anyone and forgetting about it Giving unclear or too little information Not asking if you were understood Not setting time-frames Not setting clear expectations, or
You’ve probably heard the expression, “The definition of insanity is doing the same thing over and over again and expecting a different result.” And yet, we see it year after year, business owners starting the new year without a plan or a destination in mind. If you’re a business owner it’s a common ailment
It’s one thing to learn how to cook, but the real lesson is in the process and the timing. When each of our teenagers turned 14 years of age, they were given the responsibility of cooking for the family one night a week. (Memo to self - should have had seven children). What we're
When planning the growth of your business, it can help to use a framework to give context to your decision making. One such framework (and by no means the only one) is the Ansoff Matrix. Known as the father of strategic management, Igor Ansoff was a mathematician and business manager. The Ansoff Matrix was
At Pathfinder Solutions, we are more than Chartered Accountants. We have a genuine interest in helping others succeed and our clients come to us primarily for advice and expertise beyond accounting, because they want something different to what they currently have. Telling you how much tax you need to pay isn’t enough. That’s so
