September 1st, 2010

Consider the following perspective that I hear about often.

Sell sell sell.    Sales are very important, however, what is more important at the end of the day is really The Bottom Line

Why?  For example, if your company or department has $100,000 in sales or $1 million in sales revenue every month, but there are delivery delays, equipment damages, customer complaints, partial payments, late payments, etc. - - every aspect erodes profit.   Your profit.  As you sell more, your actual profit margin is lost, along with some of your customers.

And, the longer this is left unchecked, the longer it will take to get back on track.

Therefore, expenses are as important in terms of productivity, employee accountability, turnover, customer returns, marketing, leads, tracking, process, timing of payables and receivables.  If you generated a dollar shouldn’t you keep a quarter of it (25%), or are you seeing a dime of it (10%), regularly?

One more example.  Consider a house, your house.  Let’s say you keep spending and spending up to $100,000 to renovate the property, but with outdated plumbing, mediocre labor, thin floors.  Ok, you just need to sell the house for $100,000 … but are you absolutely guaranteed to sell?

Basically, since you are probably the one that is most concerned about profit or profit sharing, an expert “Profit consultant” can be a valued partner to substantially improve your Bottom-Line.

Blog

March 10th, 2010

Please check back often for posts, news and other industry related information. 

PRESS RELEASE

  http://www.prlog.org/10556072-profit-during-the-recession.html

With the current economy, a business owner’s typical first reaction is to cut budgets and staff.  However, owners should first look to rid their process and operations of any form of waste, in order to improve cash flow, and get the most return from their current staff.

Obvious inefficiencies might seem easy to find, but eventually, you will be faced with the harder stuff.  Many owners are also realizing it’s going to require some outside help to make these improvements happen.