A must have software! Even though we updated our business plan, Businest® is much more practical on a day-to-day basis because it makes us think about, track and measure crucial KPIs like cash flow, profit per employee hour, and days sales tied up in stock. We now have all the information and insight we need to know to increase our sales and bottom line. We were thinking of INCREASING our inventory holding in anticipation of customer demand for several of our products. Businest® saved me thousands of dollars because I discovered that I already had more dead or slow moving stock than my business could afford. Knowing that made a huge impact on our cash flow and I now know exactly what I need to do to grow my business safely and profitably.
I saw Rhondalynn present at an MYOB seminar – her book Financial Foreplay was excellent and I knew that we needed to understand our financials to move the business forward. Businest® helped us identify 3 crucial strategies to improve our profitability and cash flow. We now have targets to keep on top of our debt collection and manage our stock holdings. The dashboards are very simple and clear – much easier to read than a profit and loss and balance sheet. We also saved time and money by figuring out where we receive our best return on investment for direct and online marketing.