by Adina Luca | Jul 20, 2023 | Budget, Cost Management
Lots of useful things can be built with a simple Excel template and some basic Excel skills. One of them is a quote template that helps you quote a price to your client that safeguards your profit margins. Even if your clients are used to you quoting a fixed price for...
by Adina Luca | Jan 31, 2022 | Cost Management, Financial management, Management
You may be thinking you are too small to make sense of your numbers on budgets and forecast and financial management is not for you. Maybe when you grow bigger. But not yet. Aside from the fact that financial management is a pillar of growth, there are other reasons...
by Adina Luca | May 4, 2021 | Cost Management, Financial management
Every industry has specific profit drivers that determine the efficiency of delivery and impact how much is available for overhead budgeting. For Architecture and Interior Design companies, similarly to other creative industries, the main profit driver is the ability...
by Adina Luca | Mar 19, 2020 | Cost Management, Management
When things don’t go as planned for your business, and you cannot do much about your income, be it as a result of a global downturn or a local demand shortage, it’s time to look at your costs. There are two types of costs or expenses in your business that serve two...
by Adina Luca | Feb 27, 2020 | Cost Management, Growth Strategy
Here is a scenario: your last year revenues were 12% less than projected and expenses were 7% less than expected too. Good. You managed to save some margin, no matter how small. However, if this trend continues – revenue going down faster than expenses –...
