Seven keys to freedom by managing more with less

Seven Keys to Freedom by
Managing more with less
© Copyright – One Sherpa Pty Ltd 2010

What do you think
management is about?


Do you think it’s
simply the
operational and
technical parts
of your business?


But what about
the money and
the numbers?


Do you know precisely
where the money has
disappeared in your
business?


I bet you’ve had this
problem at some time….


You pay all the wages
for the employees

and the bills for the
suppliers

and there is nothing left
for you!!

Becoming a real manager is
about connecting the day to day
business with the money


So here are seven keys
I’ve found that will help
you do this


KEY#1
Profit doesn’t equal
cash


You can’t take profit
down to the bank
and make a deposit!


Profit can often be
an opinion but
cash is a fact!


KEY#2.
Cash flow keeps the
business going


All the profit in the
world can’t be used to
pay your wages


Just like a flowing river, cash must flow
through your business

Cash is the one resource you can
use to BUY anything!


KEY#3.
Management must
include the money


Do you leave the
money issues to your
book keeper or other
people while you
manage the business?


If you try and
hide from the
money it will
come and find
you!


When your business is running short of
money ALL your employees will come
running towards you looking for an answer

A competent manager MUST know what’s
happening and what to do with the money

KEY#4.
Numbers can help
you manage
remotely


Do you often need to be in a hundred places at once?

What this means is that sometimes you
need to manage remotely


In these circumstances all you
have is numbers and paperwork

…and these are
your greatest
resources if you know
how to use them
properly


Understanding the
numbers means
you can manage
your time more
effectively


…by influencing
your business
when you’re not
physically there


KEY#5.
Paperwork is
paramount


Are you
allergic to
paperwork?


You must overcome this allergy as
paperwork
is your greatest friend in management

It charts the progress
through your business
and shows you what’s
happening


Your profit is the outcome
of your paperwork and…


If you really
want to know
what profit
you’re making,


make sure
your
paperwork
is up to
date
and
accurate


KEY#6.
Business is about
flow


When things get
stuck in your
business they
become a pain
in the neck


Whether it is
A supplier that won’t
supply,


A customer that won’t pay,


A computer that won’t compute


or
A product that you
can’t get right


All of these
represent a
lack of flow


And of course the
greatest pain is
when cash flow
isn’t flowing


If in doubt look for places where you can
get things flowing in your business


If in doubt look for
places where you
can get things
flowing in your
business


KEY#7.
It is about the
money


How many times
have you heard it’s
not about the money?


Well business IS about the money

At the end of the day if a business runs
out of money it dies


Make sure you don’t
neglect to manage the
money flow in your
business


Summary of tips:
1. Profit doesn’t equal cash
2. Cash flow keeps the business going
3. Management must include the money
4. Numbers can help you manage remotely
5. Paperwork is paramount
6. Business is about flow
7. It is about the money


Are you a
business owner?


Are you finding that you're working harder than ever,
but at the end of the month you wonder

where all the
money has
gone?


Are you worried
that another year
of your life will
pass you by, and
you'll have made
no real progress?


How would you like to spend 60 seconds and get a
business "health check" that will pinpoint the
EXACT problem that your business is facing…


and give you specific, targeted advice about how
to turn your business around…


and unlock the true
wealth and potential
locked up in the
business you already
own?


It's easy, it's
simple, it only
takes one minute,
and the best part
of all, it's 100%
free:


Take you FREE business check checkup at:
http://www.oneminutebusinesscheckup.com


This presentation has been brought to you by:

An online global resource centre and membership
community dedicated to helping small business owners
succeed and prosper
www.onesherpa.com

Seven keys to freedom by managing more with less

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