Closing account daily basis

Closing account daily basis

Operating company is not done well by monthly closed account.
Monthly account is based upon daily closing account.
Top management need to take care of daily closing account.

If you operate company without looking at daily closing account,
it is as same as operating airplane without looking at measuring
instruments. Then you cannot know where the plane fly to and
where the plane should arrive.
If you don't look at daily closing account, you cannot operate
your company.

Statement of account is the result of every single employee's
life.

Maximize Sales, Minimize Cost

Maximize Sales, Minimize Cost

Operating a company is very simple.
Just maximize sales and minimize cost. That's it!
The profit is the difference between sales and cost.
It's just result.

So we always have to think to maximize sales and minimize cost.

Don't stick the fixed idea of ndustry average cost.
For example, cost of raw material should be XX% of total cost.
Promotion cost should be XX% of sales.

Everyday we must make effort to maximize sales and minimize cost.

Pricing is the most important decision of management

Pricing is the most important decision of management

If you made bad decision about pricing, your company will die.
Low pricing, low profit and sell huge amount.
High pricing, high profit but sell not so many.
The pricing has unlimited options.

It is difficult to estimate how many you can sell by the price.
We have to decide the one point to make maximum our profit.
At the same time the price should maximum client's satisfaction.

In order to decide this point, pricing should be considered very well.