businest^® shows you how to fix them

I could see at a glance where we went wrong and set concrete targets for the team based on the number of days it takes to collect our debts, optimal inventory holding levels, knowing when it is safe to pay our creditors, and profit margins.

It is so easy to use - the dashboards, forecasts and graphs are fantastic and so helpful...but the thing I love the most is the clear roadmap of what we need to do to boost cash flow and grow each month.

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.

We use businest® to help us make sense of our MYOB reports and give us useful KPIs that we can use to manage our growing team. Costs are always increasing in our industry and the dashboards help us to keep on top of subtle changes to gross profit and net profit margins each month. We find it helps us to make informed decisions about pricing and we have a much better understanding of the key drivers in our business.

Wow! Such a powerful way to gauge the health of my business, set targets and track our progress. The businest® dashboards are simple and easy to read and I enjoy knowing exactly where my business is at. I find the expert coaching tips and ‘what if’ tool really practical and useful. I recommend businest® to you highly.

As a master builder, I rely on plans to build each project accurately and safely. Businest® is the plan that guides me to grow my business. Now that I know which projects are most profitable for us, it is so much easier to focus only on quoting or bidding for the best work. We save a couple of days each month by not quoting on jobs that are undesirable and putting more time into the ones that we really want. Business is up and so is cash flow because we have improved our collection by 7 days.

I thought we just needed more customers. I had no idea that we needed to change the way that we did things, to make the business more profitable and cash flow positive. Thankfully, we didn’t waste a bunch of money on advertising before getting the fundamentals right. Profit is up 19% and I don’t feel pressed to spend more money each year on newspaper, yellow pages or online advertising – we just talk to our existing customers, which is cheaper and more effective.