how to improve your business thread .

[drifter]

My 2 cents worth on the 2 key things to improve our business:

1. Be numeric and have some basic accounting and finance knowledge, so that we can at least understand your revenue, profitability,
margins, cashflow, simple financial statements and perhaps even some simple financial modelling for our future business plans.

2. Understand the "what, who and where" of what we are trying to sell or what services we are trying to provide.

All other things like management, marketing techniques, advertisiing, local laws and customs, manpower requirements, future scaleability,
relationships with partners, customers, suppliers, etc, philosophy, diversification, future funding, etc etc all can follow the above 2 points.
Because if we don't understand the above 2 points, then there's no point in continuing or even starting.

very true bro , thankyou for sharing it here .

 

[ArjanParangToh]

Arjan me feel that calculation is very important, if want to improve, at least must know asset allocation, diversification, alternative investment...just to name a few.

 

[drifter]

Half the battle is won if one has some basic understanding of finance, how it works and what to look for in your monthly statement. Ok one thing I always look for is stock and aging, this most of the time shows the health of the business.

very true bro, when my babies becoming adult and ready to breed i know that something wrong with the popularity of that spieces ( im not talking about those i purposely keep for breeding because of its genes ) .

 

[drifter]

Arjan me feel that calculation is very important, if want to improve, at least must know asset allocation, diversification, alternative investment...just to name a few.

jan , i think the most important for your biz is your parangtoh must be sharp right ? and must install the unknown fear in your customer right ?

 

[ArjanParangToh]

jan , i think the most important for your biz is your parangtoh must be sharp right ? and must install the unknown fear in your customer right ?

True, but then Arjan also know abit finance theory hor, Mai play play with me hor.

 

[Froggy]

I go bed now, partner angry liao

 

[drifter]

True, but then Arjan also know abit finance theory hor, Mai play play with me hor.

of course arjan know about finance theory if not how to find customer and chop

 

[jw5]

Half the battle is won if one has some basic understanding of finance, how it works and what to look for in your monthly statement. Ok one thing I always look for is stock and aging, this most of the time shows the health of the business.

bro, first thing to look out for in your monthly statements is that the balance sheet is balanced.

seriously, the fact that you have stock ageing information shows that at least u get reports to manage your business better.
another thing to have is debtors' ageing, so that u know who to go and play ah long with.................half joking......................:p

 

[drifter]

I go bed now, partner angry liao

goodnite bro .

 

[drifter]

i like to add ...in today's world the best is go into cash biz .

 

[ArjanParangToh]

of course arjan know about finance theory if not how to find customer and chop

Arjan me can feel you are quite headache recently. Tio Bo? Mai scare and share with Arjan me. Arjan me improved alot of my customer livelihood already.

 

[jw5]

i like to add ...in today's world the best is go into cash biz .

The subsidiary of a company listed in the SGX - Aspial, which is in the jewellery business, is considering a listing on the SGX.
The subsidiary's name is Maxi Cash, a chain of pawn shops.

Perhaps we are not far off from a chain of "licensed moneylenders" being listed......................................

 

[drifter]

Arjan me can feel you are quite headache recently. Tio Bo? Mai scare and share with Arjan me. Arjan me improved alot of my customer livelihood already.

sala liao jan ...you buay chun one . i refuse to give you red packet

 

[drifter]

The subsidiary of a company listed in the SGX - Aspial, which is in the jewellery business, is considering a listing on the SGX.
The subsidiary's name is Maxi Cash, a chain of pawn shops.

Perhaps we are not far off from a chain of "licensed moneylenders" being listed......................................

good insight

 

[ArjanParangToh]

sala liao jan ...you buay chun one . i refuse to give you red packet

Aiya not Arjan buay chun hor, is you denial hor. Ok la, I go kun Liao, need to wake up early tomolo for "parangtoh " session, joke with u next sat. Chok dee.

 

[drifter]

Aiya not Arjan buay chun hor, is you denial hor. Ok la, I go kun Liao, need to wake up early tomolo for "parangtoh " session, joke with u next sat. Chok dee.

ok takecare jan ...please sleep well and dream of 4D .