The problem of improving the financial condition of an enterprise is not only an anti-crisis measure. The company's financial position does not deteriorate suddenly, but as a result of previously missed opportunities. Paying attention to several indicators: costs, revenues and balance sheet structure, it is possible with a high degree of probability to prevent future crises.
Instructions
Step 1
Cost reduction is not only an acute problem, but perhaps the most urgent task for financial managers of various companies. High costs, exceeding the norms laid down in the development plans of firms and enterprises, reduce profits. Cost control consists not so much in tracking fluctuations in prices for raw materials, materials, transport and other services, but in reducing or keeping them at the same level. However, during periods of seasonal price increases, for example, for raw materials, the cost of purchasing them inevitably increases. Have two or three backup suppliers for this case.
• First, in this way, you ensure the reliability and continuity of supply.
• Secondly, you will be able to accurately determine when prices began to rise in the entire market. Not just one supplier.
Step 2
Low sales revenue is the second most important problem faced by company leaders. The influence of the revenue indicator on the financial condition of the enterprise lies in the ability to generate cash flow, which ultimately forms the company's profit. By and large, the problem of sales growth is solved by a set of marketing tasks. For most small and medium-sized businesses, they boil down to managing the sales price, product mix, and distribution network.
Step 3
Structural imbalances in the balance sheet - the growth of accounts payable or receivable - can also have a negative impact on the financial condition of the enterprise. For example, a large accounts receivable indicator means that the company may not have enough working capital to finance its current activities. An increase in accounts payable usually occurs when a company is unable to meet its obligations to counterparties. This may also be due to a lack of working money. In this case, analyze the receivables for each counterparty. Reduce payment terms for shipped products. If possible, apply sanctions (penalties) to unscrupulous buyers.
