Employees’ Guilt About Profits Hurts Your Business
Nearly six out of ten of employees probably believe that their companies make too much profit. And having guilt about profits can have a negative impact.
Portfolio Analysis in Action — Select Case Studies
We have spent the past two weeks discussing portfolio analysis in great depth here on Profit. Value. Life. Now we will take a look at some portfolio analysis case studies. First, I introduced the benefits of portfolio analysis: greater margin—in both profit and life. Next, I described the process for performing a portfolio analysis: use accrual…
What Is Measured In A Portfolio Analysis?
As discussed in my last post, the chief goals of performing an in-depth portfolio analysis are to gain insight into ways to optimize a business and its profit margins. Net profit margin is a percentage calculated by dividing pre-tax net income by revenue. That percentage is an average of each customer’s profit margin, each product/service’s profit…
Craving Business Sanity? Get a Portfolio Analysis
Far too many business owners suffer from a lack of time.The business takes everything they have in terms of time and energy. They run from one fire to another – doing their best to put them out quickly. There is no spare time; there is no spare energy. They lack margin. The company owns them. Because…
When Is The Right Time To Raise Prices?
The costs for raw materials are up. Health insurance costs continue to climb. Labor is in short supply which typically means wages will go up. As of the US Job Openings and Labor Turnover Summary report released on June 5th, 2018, there are now more jobs available than people looking for work. According to…
An Easy and Efficient Budget Process
Preparing a budget does not have to be laborious. I hated wasted time; I also hate spending a lot of time on budgets. That view might strike some of you as strange given that it comes from a CFO (Chief Financial Officer). But the truth is that budgets do not have to take a long…
Strategic Questions Every Leader Should Ask
Answering these strategic questions can help you grow market share, be rewarded with superior profits, reduce risks, and improve morale.
Actionable Reports in a Tough Labor Market and CFO Magic
Since I have worked with several landscape companies as clients, I am sharing some of my lessons learned that are specific to that industry.
Getting to 10% Profitability – The Profit Engine
In every company’s collection of customers or properties, there are winners and losers. One key to increasing profitability is to identify them and analyze what makes them a winner or loser. Your profit engine …
Predict the Future with Trended Income Statements
Seeing the future is difficult, but reducing it to numbers is even more challenging. You can predict what your income statement will look like next year.