5 Financial Advices given by Eric Anklesaria

1. 5 Financial Advices given by Eric Anklesaria 01

2. To achieve business objectives, every organization needs to implement strategic financial management. According to Eric Anklesaria also known as Eric Jimmy Anklesaria, a business having good financial management can effectively utilize its resources. Eric is among the leading financial services experts across the globe and a global leader in delivering market-leading business results. He further claims that financial management should be included in every business’ ongoing planning to gain control of all the major key processes. Businesses with long-term, positive outlooks on growth have better chances to manage their business finances effectively in today’s competitive and challenging conditions.

3. Top 5 Financial Tips given by Eric Anklesaria To remain productive in these adverse circumstances, Eric Jimmy Anklesaria unfolds his ultimate package of experience and bits of advices. Eric shares some important tips for businesses to manage their finances and make the most of what they have. • Profitability Optimization To understand the margins of business at highly detailed levels, Eric defines that CEOs and senior executives at organizations should concentrate on the successful implementation of profitability management. This complex goal can be achieved with profitability optimization, a process that incorporates revenue and total costs into the analysis. 2.Analyze Financial Statements According to Eric Jimmy Anklesaria, to gain an understanding of the current financial situation of your organization, it is important to analyze your financial statements regularly. It provides internal and external stakeholders with the opportunity to make informed business decisions which are beneficial for investment purposes

4. 3.Eliminate Non-Value Added Activities • Eric Anklesaria argues that lean processes and thinking can help you eliminate non-value activities and make your organization more profitable and more productive. Non-value added activities are classified as waste in the industrial sense and can be categorized into 7 types: • Transport • Inventory • Motion • Waiting • Over-Processing • Overproduction • Defects Eric advised that finding and eliminating waste can help businesses to achieve significant cost reduction, strengthen their cash flow and help to emerge from the downturn with a stronger and more competitive profile.

5. 4.Leverage Key Performance Indicators KPIs are business metrics to track, monitor and analyze the success or failure of a particular business operation. Eric Jimmy Anklesaria explains that KPIs provide you with a pulse on the health of the business. According to him, it is necessary to uncover and define these business metrics to set up and build up your business intelligence operations effectively. 5.Improvise Cross-Selling and Up-Selling Practices Eric defines that upsell and cross-sell can be considered among the best business strategies to boost revenue. As a strategy, up-selling and cross-selling increase customer retention and increase average order life and lifetime value.

6. Conclusion Instead of focusing only on the business failure findings, Eric Anklesaria advised that finance leaders should concentrate more on providing strategic insights to their organizations. They should help businesses to identify new pathways toward profitability and motivate them to invest in modern technologies. The role of a financial expert in a company is to make meaningful and measurable profitability improvements and therefore, Eric Jimmy Anklesaria advises all business leaders to upgrade finance’s involvement in their business structure to maintain and improve their financial goals. First Month Second Month Third Month

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