Retain New Profit
Having fought hard to deliver Gross Profit dollars from our sales and manufacturing/service processes, we need to ensure that the infrastructure and administration costs of running the business are appropriate and well managed. These include:
- Engaging Leadership and management in developing the Business Infrastructure and Support Services Plan
- The investment in Attracting, Training & Retaining People
- The costs of providing, fitting out and maintaining Premises
- Information Technology Costs
- Sales and General Administration Costs
- Finance and Borrowing Costs
- Taxation Costs and any offset for Government incentives such as R&D or Export Markets Development.
Each of these seven elements needs to be planned and managed to ensure each activity supports us in delivering value to the customer.
Make the most of business loyalty cards
Many businesses are switched on to the benefits of rewarding their own customers with loyalty programs. But are they switched onto using the very same cards to reduce the costs of consumables and expenses or to gain discounts on major purchases? Utilising these deals and asking for deals where there is no such program can […]
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Lana’s Garden – a fresh approach for a healthy profit
After ten years of dedication and sacrifice, Lana has made and sold tons of delicious rhubarb jams and relishes. But is she making a living or is she just working for her staff, her suppliers and, perhaps, the bank? Now is the time to take a hard look at this business and get really focused […]
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Government Business Support Programs
There are a number of Government Programs designed to support Business Growth. List below are those that I have found to be most helpful: The Entrepreneurs Program (formerly known as Enterprise Connect) Broadly, this program supports businesses in excess of $1.5m in turnover in non retail or professional services industries by providing […]
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10 ways to cut costs – without cutting staff
Article in SmartCompany about cutting costs by Leon Gettler on 28th February 2012 Workers at Alcoa’s Geelong smelter are now waiting for pink slips and their counterparts at Toyota, Holden, Telstra and Westpac are losing their jobs. BHP has warned of more closures of struggling assets and development spending cuts as it seeks to deal with […]
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