• Materials
• Subcontractors
• Components

These costs often referred to as overheads. These costs are made up of:

• Indirect Labour
• Supervisors and managers.
• Stores personnel.
• Truck / forklift drivers.
  5 Steps to Preventing Workplace Violence
  According to the Bureau of Labor Statistics 95% of the 7.1 million U.S. employers reported at least one act of some type of workplace violence in 2006. These acts may include anything from assault, armed robbery to even homicide. With the recent bloodbath at Virginia Tech, where two professors died, and another homicide at Delphi in Michigan many managers and business owners wonder what they can do to reduce the chance of violence in their workplace.The reasons why a business owner or manager may desire to change their business strategy to protect their employees is many. These reasons range from the obvious to such as protecting hu
  There is one thing that all business owners, managers, and shareholders have in common, no matter where in the world we are from, we all want to make money! The methodology and the understanding of how to make money varies widely however, as a consequence my experience is that less than 20% of businesses really make an acceptable profit, which is bankable!

  Business is no different to a professional sporting venture in that it requires;

  • Working as a team.
  • Having flexible game plans. (strategies)
  • The ability to conduct detailed analysis.
  • Sound administration.
  • Choosing good support.(suppliers, employees and professional advisors)
  • Respecting and knowing your opposition.
  • Introducing plenty of training.
  • Playing to win.

  The very foundation of good performance in any company comes down to structuring your financials properly. From this solid foundation, you can then build a far more profitable business.

  1. Core business sales

     Sales do not reflect the profitability of the company, but rather reflect the base on which to structure the company's costs, and consequently, the company profits. (See graph 1 for a typical, commercially sound structure.)

     Sales need to be:

     1. Within the core business of the company.
     2. Quality sales.
     3. Paid for within a reasonable time.
     4. A good mix across customers and product groups.

  2. Value adding costs

     Value adding costs are made up of

     1. Direct Labour plus on costs.
     2. External costs.
        • Materials
        • Subcontractors
        • Components
  3. Costs assisting the value adding process

     These costs often referred to as overheads. These costs are made up of:

     • Indirect Labour
     • Supervisors and managers.
     • Stores personnel.
     • Truck / forklift drivers.<
       Ten Packaging To Do's In 07
       Well, we are into the New Year and everyone is making resolutions on how to improve in 07. It’s time to think about your product and it's packaging too. Just like we do with our mental, emotional and physical aspects of our lives, think about improving and updating your packaging. You want it to mesh with consumer wants and needs. Consumers are a moving target and what worked last year may not work in the years to come.Here are 10 simple things you can do to ensure your product packaging is on target and delivers the right message to the right audience.1) Take an honest look at your product packaging. Is it working to you
       rent to a professional sporting venture in that it requires;
       • Working as a team.
       • Having flexible game plans. (strategies)
       • The ability to conduct detailed analysis.
       • Sound administration.
       • Choosing good support.(suppliers, employees and professional advisors)
       • Respecting and knowing your opposition.
       • Introducing plenty of training.
       • Playing to win.

       The very foundation of good performance in any company comes down to structuring your financials properly. From this solid foundation, you can then build a far more profitable business.

       1. Core business sales

          Sales do not reflect the profitability of the company, but rather reflect the base on which to structure the company's costs, and consequently, the company profits. (See graph 1 for a typical, commercially sound structure.)

          Sales need to be:

          1. Within the core business of the company.
          2. Quality sales.
          3. Paid for within a reasonable time.
          4. A good mix across customers and product groups.

       2. Value adding costs

          Value adding costs are made up of

          1. Direct Labour plus on costs.
          2. External costs.
             • Materials
             • Subcontractors
             • Components
       3. Costs assisting the value adding process

          These costs often referred to as overheads. These costs are made up of:

          • Indirect Labour
          • Supervisors and managers.
          • Stores personnel.
          • Truck / forklift drivers.
            Best Way To Send A Note Home
            As a parent, you may have experienced problems recently during and in the aftermath of the storms.’Communication difficulties … … you not able to get to work quickly, having to stay at home to work because of storms, floods, no transport, no electricity, events cancelled suddenly… … you are concerned about your child’s welfare, is their school open, closed, does a child need collecting urgently, or do you sometimes struggle to contact your child’s school at busy times, do they have difficulty contacting you when you wish they had let you know personally about developing situations… There are many reasons why working, home and s
            to win.

          The very foundation of good performance in any company comes down to structuring your financials properly. From this solid foundation, you can then build a far more profitable business.

          1. Core business sales

             Sales do not reflect the profitability of the company, but rather reflect the base on which to structure the company's costs, and consequently, the company profits. (See graph 1 for a typical, commercially sound structure.)

             Sales need to be:

             1. Within the core business of the company.
             2. Quality sales.
             3. Paid for within a reasonable time.
             4. A good mix across customers and product groups.

          2. Value adding costs

             Value adding costs are made up of

             1. Direct Labour plus on costs.
             2. External costs.
                • Materials
                • Subcontractors
                • Components
          3. Costs assisting the value adding process

             These costs often referred to as overheads. These costs are made up of:

             • Indirect Labour
             • Supervisors and managers.
             • Stores personnel.
             • Truck / forklift drivers.
               The 5 Keys To Inducting New Employees
               When it comes to inducting new employees into your business you only get one chance. Get it wrong and you have started to sow the seeds of doubt in the mind of your new starter in the first few weeks.Get it right and it will make a huge difference to how the person settles in. Without being perfectionist, the key is to make sure that every new starter feels excited and positive that they have made the right choice in joining your business. The way to do this is to:1. Get The Practical Stuff Right Make sure you have practical aspects such as a desk, phone and computer ready, with a password. Get their name added to your email
               uently, the company profits. (See graph 1 for a typical, commercially sound structure.)

               Sales need to be:

               1. Within the core business of the company.
               2. Quality sales.
               3. Paid for within a reasonable time.
               4. A good mix across customers and product groups.

             • Value adding costs

               Value adding costs are made up of

               1. Direct Labour plus on costs.
               2. External costs.
                  • Materials
                  • Subcontractors
                  • Components
             • Costs assisting the value adding process

               These costs often referred to as overheads. These costs are made up of:

               • Indirect Labour
               • Supervisors and managers.
               • Stores personnel.
               • Truck / forklift drivers.
                 Running A Successful Home Business
                 Have you ever considered working from home? What it must feel like not to have to be somewhere at a certain time or be woken up by some irritating alarm chiming away?Many of us wish we did not have to be at someones beck and call from 9 till 5 and more often longer than that! There are many successful home business ideas out there in todays modern world but could we ever be sure we could earn enough money to cover the rent or mortgage if we jacked in our regular jobs?A successful home business does not require an individual to necessarily take a leap of faith when starting up. More often than not the
                 abour plus on costs.
               • External costs.
                 • Materials
                 • Subcontractors
                 • Components
       4. Costs assisting the value adding process

          These costs often referred to as overheads. These costs are made up of:

          • Indirect Labour
          • Supervisors and managers.
          • Stores personnel.
          • Truck / forklift drivers.
          • Cleaners.
          • Factory Overheads (Burden)
          • Workshop consumables.
          • Freight.
          • Motor vehicles.
          • Depreciation.
          • Interest.
          • Factory administration.
          • Rent and associated outgoings (rates, water etc.)
          • Energy.

       5. Gross profit

          Gross profit is calculated as the Sales less the value adding costs and the costs assisting the value adding costs.

          The gross profit is the primary 'financial' key performance indicator, as it determines how much of the sales revenue is left to maintain the operations of the company and final profitability.

       6. Operating Expenses

          Operating Expenses are all those expenses required to efficiently operate the business and are made up of

          • Administration costs.
          • Marketing costs.
          • IT costs.
          • Financial costs.

       7. Operating Profit

          Operating profit is the secondary 'financial' performance indicator and determines the overall performance of the company. It is not the final profit (or loss) the company makes but rather the profit after all core business sales and expenses are taken into account.

          The operating profit is calculated from the gross profit less all the operating expenses.

       In some cases where companies have a reasonable amount of 'non-core' expenses and income (such as school fees, private flying lessons, sale of assets, government grants etc.) we would list these AFTER operational profit but BEFORE calculating our profit before tax (PBT.)