Question the Numbers – any Numbers!

To really understand any numbers you need to question them. You need to question any number until you know the source it comes from.

Only if you know how a numbers has been created you could understand it fully. Many say a statistic can’t lie. Really? It depends on the point of view you have and the numbers you put in. If the numbers are based on lies or being manipulated, than the statistic lies, even though it looks correct.

Coming from an Accounting point of view, to understand a number correctly you may have to dig into the details of an account or several accounts. Only when you have all the details you could say “Ah, now I know that this number makes sense, is right or wrong or needs even more investigation”.

Numbers are Everywhere

Today’s world numbers are everywhere. Numbers could be used to manipulate, to frighten you and to keep you in or out of something.

Thus it is crucial to understand numbers, no matter which source they are from.

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Posted by Stephan Szugat in Finance & Accounting

Signs of a business crisis and actions to overcome it

1. Introduction

A business crisis could hit any business anytime. Nowadays you often hear that the number of the insolvencies is rising. Which reasons ever led to insolvency, it nevertheless, destroys workplaces and values which the companies have built.

Added to the destruction of values and workplaces, personal tragedies of the present owners and employees are also worth to mention.

That's why every business owner should recognize a businesses crisis as early as possible, to be able to master them well.

And the size of a business does not make the possibility of a crisis go away. No, in fact we have seen even big companies going down the tube.

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Posted by Stephan Szugat in Management

4 Things You Need To Manage Your Business

When you manage your business it might seem to be more than four things you need. Well, it depends on your focus.

Yes, there is always lot's to do in a business. And we all might have days where we feel we didn't moved to much.

That's why focus is so important. However, this article isn't about focus. It's about the things you need to manage your business.

There are just four things that will help you to focus and manage your business at once.

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Posted by Stephan Szugat in Management
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