Creating a Sales Budget
This worked scenario will help you get to grips with formulating a basic sales budget. Once you have worked through the example provided, you should be equipped with the skills to tackle your own sales budget.
Business Skills
How To Calculate Depreciation
With this simple guide you can learn how to calculate depreciation. This is something you will need an awareness of when dealing with capital costs.
An Overview of Developing Strategy
This article offers an overview of the entire process of developing strategy, providing a summary of the three stages: analysis, options and selection, and implementation.
Understanding Six Sigma
Six Sigma is a highly disciplined methodology that helps organizations to develop and deliver near perfect processes. We provide some insights into the Six Sigma approach to continuous improvement in this article.
Closing a Project and Evaluating Success
Closing down a project provides the opportunity to tidy up any loose ends and ensure that all the expected outcomes have been achieved. By then evaluating the success of the project, any lessons learnt can be applied in the future.
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Time Series Analysis
A time series is a collection of observations that have been taken and measured over a period of time. We outline this important statistical technique, here.
Leasing Assets
In making purchasing decisions for your budget, you may want to explore the benefits of leasing compared to purchasing equipment outright. This document gives you an overview of how leasing works and the two different types of leases: finance leases and operating leases.
An Overview of Process Design
It is essential that organisations have robust processes in place to meet the needs of their customers. Effective process design is, therefore, key to the success of any organisation, and should be an integral element of any continuous improvement initiative. Here, we discuss what is involved in process design and introduce some fundamental design types.
Due Diligence – an Introduction
A concise, easy-to-read introduction to due diligence – what it is; why it is conducted; and how it is conducted.
Understanding Behavioral Incentives
This article looks at behavioral incentives, which can be used by organizations to drive employee behavior. However, they can be challenging to get right, and often drive undesirable behaviors. This article offers practical advice on how to develop and implement behavioral incentives effectively.
Different Types of Costs
There are many types of cost you might have to consider in budgeting and managing your team’s financial performance. This document gives you a quick overview and examples of fixed and variable costs and also sunk and opportunity costs.