Competition with manufacturers
Posted: Tue Jan 21, 2025 8:26 am
Many managers of online stores believe that only large companies can afford to implement management accounting and it is not practical for small organizations. Indeed, large organizations and holdings need to build complex software solutions, expensive ERP systems to control activities, the cost of which can reach tens of millions of rubles.
However, as was said earlier, any business owner keeps records in the organization, only in different forms. And if your type of accounting is not able to answer the manager's questions, then its maintenance loses any managerial meaning. The manager makes decisions based on intuition, and accordingly, gets any result. At some point, this becomes a factor in restraining the company's growth.
Therefore, it is necessary to implement a competent management accounting system at the early stages of business. Firstly, it will allow you to fully control the business from the very beginning, which will save you from "reading the tea leaves" in the future. Secondly, it will speed up the development of the business, as it will help reduce the risk of cash flow gaps, optimize the financing of activities and will not allow costs to increase disproportionately. Thirdly, the implementation of management accounting at an early stage will save labor costs and time in the future. Management accounting evolves together with your enterprise. This will allow you to identify important factors and nuances of business development at the early stages and focus on them, which is almost impossible to do in already large organizations.
There are many ready-made, very powerful software solutions for management accounting on the market. But for their bolivia whatsapp number database competent use, as a rule, expert knowledge is required, and the functionality is excessive for small organizations. In addition to the costs of the software itself, additional costs will be required for hiring another employee, or paying for outside consulting support. Such systems will kill a small online store. Do not shoot sparrows with a cannon.
You need to start from the needs of the organization. The higher the risk of making the wrong decision, the more accurate the incoming information should be and the more business indicators need to be monitored. Each indicator requires costs, both time and money. The choice should fall only on the key indicators of your business, just as the dashboard should show only the necessary indicators for a given vehicle.
We approach each client at Taktika individually and do not produce indicators. Control should be proportionate to your business.
So how do you organize management accounting in your online store? Let's consider our approach to implementing this tool, which consists of 7 main stages
Study of business structure, Central Federal District
A journey of a thousand miles begins with a single step
However, as was said earlier, any business owner keeps records in the organization, only in different forms. And if your type of accounting is not able to answer the manager's questions, then its maintenance loses any managerial meaning. The manager makes decisions based on intuition, and accordingly, gets any result. At some point, this becomes a factor in restraining the company's growth.
Therefore, it is necessary to implement a competent management accounting system at the early stages of business. Firstly, it will allow you to fully control the business from the very beginning, which will save you from "reading the tea leaves" in the future. Secondly, it will speed up the development of the business, as it will help reduce the risk of cash flow gaps, optimize the financing of activities and will not allow costs to increase disproportionately. Thirdly, the implementation of management accounting at an early stage will save labor costs and time in the future. Management accounting evolves together with your enterprise. This will allow you to identify important factors and nuances of business development at the early stages and focus on them, which is almost impossible to do in already large organizations.
There are many ready-made, very powerful software solutions for management accounting on the market. But for their bolivia whatsapp number database competent use, as a rule, expert knowledge is required, and the functionality is excessive for small organizations. In addition to the costs of the software itself, additional costs will be required for hiring another employee, or paying for outside consulting support. Such systems will kill a small online store. Do not shoot sparrows with a cannon.
You need to start from the needs of the organization. The higher the risk of making the wrong decision, the more accurate the incoming information should be and the more business indicators need to be monitored. Each indicator requires costs, both time and money. The choice should fall only on the key indicators of your business, just as the dashboard should show only the necessary indicators for a given vehicle.
We approach each client at Taktika individually and do not produce indicators. Control should be proportionate to your business.
So how do you organize management accounting in your online store? Let's consider our approach to implementing this tool, which consists of 7 main stages
Study of business structure, Central Federal District
A journey of a thousand miles begins with a single step