Not chasing money boosts small business profits by 25%
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A proposito di questo titolo
Today I want to share with you how Calm Business Insights improved the profitability of a small £1 million business by 25% in a year.
This business created world-class products, rapidly innovating new products each year. The business was part of a larger £5 million turnover group. Expensive group executive decisions had burdened the group with debt. Central allocation processes placed executive and overhead costs on each business unit and outside of their control.
These issues led to a relentless focus from the Group leadership on getting more money.
One wet, blustery spring morning, finding a moment of Business Calm™, I realised that the focus on getting more money was the blockage. It was damaging value creation across the business.
It was blocking the talented, dedicated people in the business from doing what they do best – creating value, creating, and promoting the world-class products of which they were justifiably proud, and charging appropriately for them.
Not chasing money, removing activity that damaged value, and enjoying creating value improved profitability by 25%. And we won an award.
Business Calm™ achieved.
What Calm Business Insights will help you achieve Business Breakthroughs?
This is your chance to ask those burning questions that matter most to you https://www.businesscalm.co.uk/contact
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