Difficult but essential. Without delegation, there is a definite limit on what you can achieve. In the firm' . People such as Michael Gerber and our colleagues at Results Accountants' Systems push this message very hard. Slavishly doing what 'this week's book' tells you to do will be pretty hard for your staff to follow.
Good operators manage to achieve their results by being in control of their operations.
They are able to effectively and efficiently maximise the returns generated by the business. They are able to achieve this by taking the reports supplied to them by their accountant and turning them into information that can be used as a management tool. By using both the profit and loss statements as well as the balance sheet, managers and owners can effectively identify potential problem areas that my need to be examined. While some store owners just look at the bottom line in the profit and loss statement, good operators can use this information to assess the store's performance against other stores. While the dollar figures on this statement give an indication of how well you're performing, by comparing them with the high profit operators clever managers can start to identify potential problem areas in their own business.