It is important to have good management accounting in place in your business, to offer an early warning system if things start to go wrong. 

• Budget and cash flow €“ Remember that it is important to have a finger on the pulse. Cash is king. It is lack of cash and not profit that cause many companies to go bust. It is important to draw up a proper budget and then to track actual cash and profits.
• Business ratios €“ No-one understands the importance of diagnostics more than the pharmacist. We all know what happens to diabetes that goes undetected for too long. Business diagnostics is no different.