NID51 Business Analytics for Small Business

Send us Fan MailJust like an iceberg only shows 1/8th of its mass above water, your accounts have many more things they can tell you if you go looking.But many analysis tools assume a fair degree of experience and management and accounting training.  That's not common with small business owners.So 12Faces has developed several tools that can give useful insights to your accounts but are easy to use and understand.For example, we have tools for;1. working out how much to increase your prices to counteract the costs of inflation in wages and inputs to your business - a Gross Margin Ratio analysis2. building a 'model' of the economics of your business that then lets you plug in a proposed change to e.g. prices, revenue or wages to see  the impact on bottom line profit.  Then you can play with "what if " scenarios in your model to find what works best.  We call this ChangeBoard because it measures the impact of change3. conventional accounts are a mass of numbers and it is hard to make a great deal of sense of them.  Our TrendBoard shows your changes over time in your accounts as graphs.  Then you only have to work on the principal "up sloping trends are good and down sloping are bad" to quickly find any trends that might impact on your business.Don't wait for your annual tax accounts to see how you turned out for the year.  Take control of your future profits with the 12Faces Business Analytics tool kit.Transcript of Business Analytics Nugget podcastYoutube: Business Analytics Nugget videoMore information on Business Analytics for Small Business