How to Increase your Margins (especially during times of difficult trading)

How to Increase your Margins (especially during times of difficult trading)

To grow your profits by 10% i.e. to increase your margin from 10% to 11% (which for most companies is a big deal.) you need to increase your prices and sales volume by 1% and reduce your costs by 1%.

The following video explains:

Go to www.profitbootcamp.co.uk for more videos and ideas on how to grow the profits in your business.

Peter Dickinson is an experienced, director, high growth business coach, facilitator, interim, digital marketeer, customer services champion, project manager, change management consultant and advisor and has worked with over 300 companies helping them develop a systematic approach to growing their businesses. Working with companies as a high growth business coach, facilitator or interim, Peter will help crystallise the vision, rationalise strategy, identify the most cost effective routes to market including the development of new products, develop a consistent sales approach, champion customer service, streamline processes and identify key performance indicators to help drive the business to meet the goals of the main stakeholders. LinkedIn: http://www.linkedin.com/in/e4abusiness (Open Networker) Twitter: http://www.twitter.com/Enterprise4all Facebook: http://www.facebook.com/KUB.LTD Web site: http://www.kub-uk.net

Tagged with: , , , , ,
Posted in Business Coaching, Business planning, Business Strategy, Cost Reduction, E4A, Profit Boot Camp, Profit Improvement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s