Where Did The Money Go? Screenshot Gallery
Made with Xara Web Designer Top 10s Years ago, some bright spark came up with the concept that 80% of your success or failure comes from just 20% of impacting factors. This is called the Pareto Principle or the 80/20 rule for short. In a business sense this translates to the idea that 80% of your revenue and profit often comes from only 20% of your customers, or products; and that 20% of your customers account for 80% of your customer service problems. Wouldn’t it be nice to find out who these 20%s are? The Top 10s report allows you to see what % of your business your Top 10 Accounts Receivable, Accounts Payable, Customer Sales Year To Date, and Item Sales Year To Date comprise. While it is not a true Pareto Analysis, it will tell you very quickly what customers and products you need to focus on, and what supplier relationships you will need to manage well. This will allow you to focus your most precious non-renewable resource - your time - on doing things and maintaining relationships that really count. It will also highlight possible dependencies that your business has on customers, products or suppliers that could leave your business exposed if trading conditions change (as they inevitably will). No-one likes being held hostage to any one customer or a supplier, and this report will highlight that possibility immediately. For example, if your product/item widget X59 is going gangbusters and selling like it is going out of fashion, it may very well be. But if it represents 60% of your revenue, what will you do when the fashion has changed, and widget X59 becomes so yesterday that it can’t even be given away? The Top 10 report will allow you to plan for this eventuality long before it becomes a reality. In this instance, forewarned is definitely forearmed. Nothing else can give you any sort of Pareto Analysis about your business this easily for just $198