The 7 main financial levers available to managers to improve cash and returns in the business are: 1. Price: You can increase the price of your goods and services. 2.Volume: You can sell more units at the same price. 3. Cost of goods sold/direct costs: You can reduce the price you pay for your raw materials and direct labor. 4. Operating expenses: You can reduce your operating costs. 5. Accounts receivable: You can collect from your debtors faster. 6. Inventory/WIP (work in progress): You can reduce the amount of stock you have on hand. 7. Accounts payable: You can slow down the payment of
...more
