WHAT is Next Step Today???
Our reason for existence is that the odds of SUCCEEDING in business are overwhelmingly stacked against you!!! Please explore the information on this site in accompaniment with www.forward137.com to see how we can help your company survive.
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www.forward137.com
Specific Areas of Business Mastery
FINANCIAL COMMUNICATION
- The Rules of the Game
- The Flow of Finance & Accounting (The Accounting Cycle, Debits & Credits, Fundamental Equations and Methods of Recognition)
- An ART vs. A SCIENCE
CAPITAL CONSIDERATIONS
- Return on Investment (ROI) Calculations
- Depreciation & Amortization
- Risk vs. Reward (Capital Expenditures & Cost Tracking)
FINANCIAL STATEMENTS
- An Overall Perspective
- Individual Format & Structure
- Three (3) Bottom Lines
FINANCIAL SCORING
- Du Pont Formulas & The Altman Z-Score
- Four (4) Tests of Operating Cash Flow (OCF) & Free Cash Flow
- Working Capital +Liquidity Ratios & Debt Ratios
FINANCIAL INTELLIGENCE
- The Big Picture
- The Challenge
- The Business Paradigm
PERFORMANCE MANAGEMENT
- Horizontal Analysis (Trend Analysis) & Vertical Analysis (Common Size Ratio Analysis)
- Three (3) Indispensable Business Tools
- The Budget Process
DECISION MAKING
- Problem Solving (Step by Step)
- Critical Factors Decision Makers Use
- Turnover Ratios & Days Outstanding Calculations
Have you ever tried to put together a jig saw puzzle? Most people who have list the following as the steps they take:
• First—They get all the pieces together and turn them face up so they can have everything in front of them, ready to put together.
• Secondly—They find all the straight edge pieces so they can construct the border and have a frame of reference for putting the rest of the puzzle together.
• Thirdly—They match the puzzle pieces to the picture on the box cover, combining colors, and piece by piece the puzzle begins to take shape.
But consider this for a moment. What if I told you that there were no straight edge pieces? (Every piece is a jig cut.) And what if I told you that you could not look at the box cover to see what the picture looked like so you could match up colors and begin putting the picture together? How are you feeling right about now? Most people tell me they would be confused, frustrated and overwhelmed.
That is exactly what is being done each and every day in the world of business. Owners, executives and entrepreneurs are discovering that they can’t find the straight edge pieces to frame the business puzzle. And what is more disconcerting is that they don’t have the picture on the box cover to know what the puzzle should look like when completed.
The following information will help you put your business puzzle together:
• First—The puzzle pieces owners, executives and entrepreneurs must contend with in business are listed. There are 108 fundamental ‘pieces of the puzzle’. Taking the time to look at the puzzle pieces will give you a good indication of what you know and how comfortable you are in effectively applying the concepts they represent.
• Secondly—The concepts that construct the borders, or the straight edges, of the business puzzle are listed. They provide your ‘Frame of Reference’ in business, and allow you to begin putting the pieces of the puzzle together.
• Thirdly—The business box cover picture is brought into focus by listing the specific areas of mastery contained in each concept that frames the puzzle.
Having the necessary pieces of the business puzzle in front of you, identifying the straight edge pieces that frame the border of the puzzle and seeing clearly the picture you are trying to achieve will eliminate the confusion, frustration and overwhelming feeling that we all too often encounter in putting our business together and avoiding its failure.
FINANCIAL
PUZZLE
How do you put a jigsaw puzzle together?
A QUESTION TO CONSIDER...
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Fundamental Pieces of the Puzzle
Frame of Reference
The Business Box Cover
