Businesses are constantly faced with difficult financial decisions:
- Adding staff
- Buying buildings
- Buying equipment
- Adding locations
- Setting pricing
Do you know how to do the financial analysis for these decisions to make a good investment?
Analyzing Financial Decisions
Even if you do, hundreds of studies show that people are prone to decision-making mistakes. Some examples are:
- Using a simplistic “rule of thumb”
- Being swayed by irrelevant numbers
- Trying to answer a hard question by answering one that’s easier but doesn’t solve the problem
Here are tips and tools to help you make good decisions for your business
CFO Perspective Articles
- Avoid These Business Decision-Making Errors That Can Sabotage You
- How to Use Marginal Profitability Analysis for Better Decisions
- Are You Caught in the Business Growth Trap?
- How to Conquer Cash Flow Chaos with this Excel Cash Flow Projection Template
- Key Performance Indicators Guide Your Company to Success
- 4 Product Pricing Strategies and Mistakes to Avoid
- Easily Test Your Pricing Strategies for Maximum Profit
- Stop business partner fights by finding a common purpose for your business
Get Access to the Full Finance and Strategy Toolkit
Want all the CFO Perspective resources for one low price? FAST (Finance and Strategy Toolkit) is a membership program that gives you access to a massive collection of resources to increase your success. The right tools save you time, reduce your stress, and improve your effectiveness.
ACE: Strategic Planning for Small Businesses
ACE is a simple strategic planning program for small businesses that’s included in FAST. You get the framework for high-level strategic planning all the way to action steps to implement the plan.