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.
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.
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…
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…
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…
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…
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…
Answering these strategic questions can help you grow market share, be rewarded with superior profits, reduce risks, and improve morale.
Since I have worked with several landscape companies as clients, I am sharing some of my lessons learned that are specific to that industry.
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 …
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.