There’s more to profit than margins and volumes and if making more profit was easy, everyone would be doing it. Your competitors are getting smarter and your customers are becoming more demanding but there are things that can make a real difference to your bottom line without necessitating big investments or growing your business.
We use simple but effective tools to help people improve the profitability of their businesses.
Typically this might include:
Clarifying cost volume profit relationships
Defining good service and comparing with your competitors
Developing strategies to target your customers based on a differentiation other than price
Establishing labour efficency and utisation targets
Identifying and reducing wasteful /inefficient practices in your business
Developing simple processes to measure and monitor your achievements
Profit improvement is usually easier, and should be a precursor to, growing your business.
There is little point in pushing greater volumes through an inefficient business model and
often the best opportunities are to improve existing processes. Learn more about some
of the ways we can help you improve the profitability and other aspects of your business.