Download or read book A Strategic Approach to Maximize Business Profitability Strategies to Help You Make More Money written by Sheldon Lenharr and published by . This book was released on 2021-09-18 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional accounting uses the logical (albeit, flawed) formula: Sales - Expenses = Profit. The problem is, businesses are run by humans, and humans aren't always logical. In this book, the author uses her proprietary formulas and teaches you simple, easy-to-follow steps that will accelerate your profits, ease the frustration, and help you get back to the dream. She does it according to your financial personality. Get your copy today!

Download or read book How to Increase Business Profits A Step by Step Plan to Increase the Profitability of Your Company written by Meir Liraz and published by Independently Published. This book was released on 2019-03-12 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will walk you step by step through the development of a profit plan for your business. This will help you increase your profits by up to 64%. It is a simple, practical, common sense strategy, but amazingly enough, only a small group of smart business owners uses it. In addition the book features the following: Checklist for watching your profit - a penny saved is a penny earned - simple ways to keep profit up and costs down. Planning and goal setting for business profitability - a wise man once said: "If you're not sure where you are going, you're liable to end up someplace else." Here are the tips and techniques that will help make sure you're always on the right track. How to reduce costs - a complete step-by-step organized program for cutting costs in your business. Clients of ours have achieved an average of 28% to 35% cost reduction with this technique, and you can too. Keep the money in your pocket with this one!. All these and much much more. My name is Meir Liraz and I'm the author of this book. According to Dun & Bradstreet, 90% of all business failures analyzed can be traced to poor management. This is backed up by my own experience. In my 31 years as a business coach and consultant to businesses, I've seen practically dozens of business owners fail and go under -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work. And that is where this book can help, it will teach you how to avoid the common traps and mistakes and do everything right the first time.

Download or read book Fit for Growth written by Vinay Couto and published by John Wiley & Sons. This book was released on 2017-01-10 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical approach to business transformation Fit for Growth* is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring. Drawing on 70-plus years of strategy consulting experience and in-depth research, the experts at PwC’s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth. This approach gives structure to strategy while promoting lasting change. Examples from Strategy&’s hundreds of clients illustrate successful transformation on the ground, and illuminate how senior and middle managers are able to take ownership and even thrive during difficult periods of transition. Throughout the Fit for Growth process, the focus is on maintaining consistent high-value performance while enabling fundamental change. Strategy& has helped major clients around the globe achieve significant and sustained results with its research-backed approach to restructuring and cost reduction. This book provides practical guidance for leveraging that expertise to make the choices that allow companies to: Achieve growth while reducing costs Manage transformation and transition productively Create lasting competitive advantage Deliver reliable, high-value performance Sustainable success is founded on efficiency and high performance. Companies are always looking to do more with less, but their efforts often work against them in the long run. Total business transformation requires total buy-in, and it entails a series of decisions that must not be made lightly. The Fit for Growth approach provides a clear strategy and practical framework for growth-oriented change, with expert guidance on getting it right. *Fit for Growth is a registered service mark of PwC Strategy& Inc. in the United States

Download or read book How To Increase Your Profit Margins written by Stormy Hohney and published by . This book was released on 2021-08-11 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Running a successful business is a balancing act that can grind to a halt if your spending exceeds your income. To stay afloat and remain attractive to your market (and investors), you must stay in the black. More sales and customers are always good things for a business. In addition to boosting profits, you must understand the profit margin formula - the difference between your revenue (the amount of money your company brings in) and your costs - and take control of it to succeed. Since your profit margin is how much money you actually get to walk away with after a transaction is complete, understanding how to increase profit margins in business is fundamental to growth. By learning to increase profit and master your margins, you will empower yourself to face challenges with confidence. The author is a CPA whose focus is not just on filing tax returns but helping each of his clients massively improve and increase their profits. And one of the first rules of business is that it's always all about profit. You will find chapter after chapter and idea after idea about how you can turn around your business and re-set your profits from red to black in 90 days or fewer. Even entrepreneurs who are making money will benefit from this book by learning how to make even more money. The clock is ticking, so start reading!

Download or read book Category Management in Purchasing written by Jonathan O'Brien and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Category Management in Purchasing is a comprehensive guide to strategic category management, providing a step-by-step guide to its implementation and use. This book provides the necessary tools, techniques and applications that will enable the reader to implement this cost saving purchasing method. The 3rd edition of Category Management in Purchasing has been rigorously updated to reflect the latest thinking in the field. Jonathan O'Brien shows how a strategic approach needs to work effectively together with other approaches, such as Supplier Relationship Management. He has added important sections on governance, included more supplier and supply chain tools, and introduced a pragmatic route for smaller businesses or those who need step-by-step advice.The book provides case studies of real companies, including: IKEA, The Body Shop, NHS, Heinz, Cardiff Council, and GlaxoSmithKline.

Download or read book Better Simpler Strategy written by Felix Oberholzer-Gee and published by Harvard Business Press. This book was released on 2021-04-20 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Named one of the best strategy books of 2021 by strategy+business Get to better, more effective strategy. In nearly every business segment and corner of the world economy, the most successful companies dramatically outperform their rivals. What is their secret? In Better, Simpler Strategy, Harvard Business School professor Felix Oberholzer-Gee shows how these companies achieve more by doing less. At a time when rapid technological change and global competition conspire to upend traditional ways of doing business, these companies pursue radically simplified strategies. At a time when many managers struggle not to drown in vast seas of projects and initiatives, these businesses follow simple rules that help them select the few ideas that truly make a difference. Better, Simpler Strategy provides readers with a simple tool, the value stick, which every organization can use to make its strategy more effective and easier to execute. Based on proven financial mechanics, the value stick helps executives decide where to focus their attention and how to deepen the competitive advantage of their business. How does the value stick work? It provides a way of measuring the two fundamental forces that lead to value creation and increased financial success—the customer's willingness-to-pay and the employee's willingness-to-sell their services to the business. Companies that win, Oberholzer-Gee shows, create value for customers by raising their willingness-to-pay, and they provide value for talent by lowering their willingness-to-sell. The approach, proven in practice, is entirely data driven and uniquely suited to be cascaded throughout the organization. With many useful visuals and examples across industries and geographies, Better, Simpler Strategy explains how these two key measures enable firms to gauge and improve their strategies and operations. Based on the author's sought-after strategy course, this book is your must-have guide for making better strategic decisions.

Download or read book The Secret to Profitable Business Ideas written by Dexx Williams and published by CreateSpace. This book was released on 2014-08-13 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: What Everyone Ought to Know About The Secret to Profitable Business Ideas Who Else Wants to Know How to Maximize Their Sales Without Financial or Emotional Risk? 8 out of 10 businesses fail within their first 18 months, but what makes the remaining 2 out of 10 so tremendously successful? Now it's time that you discovered their secret, and put it to use for your own business endeavours. "The Secret to Profitable Business Ideas" is not just a book, it's your effective business building shortcut. An impressive resource based on over 7 years of researching the elite strategies and tactics used profitably by over 10,000 successful companies, in 400 different industries. Straight to the point, without any fluff, this will be your secret weapon to easily gaining an unfair advantage over your competition. Best selling author, Dexx Williams, created this resource after observing the struggles and frustrations of many business owners as they helplessly tried to stay out of bankruptcy during rough economic times. Realizing that many of these businesses were succumbing to what he calls the "five fatal traps" of business, Dexx decided to reveal what his research had proven to be... The Secret to Profitable Business Ideas. If you're looking to start your own business, increase sales and transform an existing business, or invest in a business concept, then this book is a must have resource for you. Nothing else comes close to boosting your business idea's likelihood of success faster than you ever dreamed possible. Here are just some of the concepts Dexx reveals in this book: The one word you must never use in your business and marketing plan (it starts with the letter "E") The #1 result any new business idea you have must generate (Hint: it's NOT profit) The two most important questions you will ever answer in your business (master these and watch the jaw-dropping effect on your bottom-line) 5 systems that many businesses owners drop the ball on which leaves them vulnerable (implement these shockingly ingenious tactics to crush your competitors) A costly mistake entrepreneurs make when identifying a market segment to target (with devastating consequences if ignored) and many, Many MORE! Dexx's reveals strategies that have generated the following results: a) An automotive business implemented one strategy that not only saved the business from possible bankruptcy, but also increased average sales from $120 up to $1,000 per customer. That's a 733% boost in revenue. b) A retail store, making one small test to try a new approach, watched their sales increase up to 15% and the business triple in just three years as a result. c) A plumbing firm implemented one strategy and caused the number of new inquiries to increase by 400%, with a 65% conversion rate to paying customers, in just seven months. d) Using one simple strategy, a chiropractor took their business from $6,000 per month to $70,000 per month within 90 days. That translates into a 1066.667% increase in sales within just three months. What kind of impact would results like these have in your life? Hopefully by now you realize your decision to read this book will be greatly beneficial for you, your family, and your business colleagues as you move forward. Includes over $997 in additional FREE bonuses! Not only does Dexx deliver powerful, proven strategies for increasing the profitability of new and existing businesses, but he takes it even further by providing additional bonus material with advanced strategies to take your success to the next level. Scroll Up and Grab a Copy Today Before the Price Increase.

Download or read book Ultimate Profit Management written by Manny Skevofilax and published by CRC Press. This book was released on 2024-06-19 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the course of the author’s career as a banker and business consultant, he has seen many examples of businesses that were doing just “fine.” They were profitable and growing slowly-but-surely, but then the business owner decided that it wasn’t enough anymore to simply grow slowly. What was suddenly needed was growth of 20 percent, 50 percent, or even 100 percent per year, just like the notable companies they see and hear about every day in the media. They began to try to grow the business and, in a short period of time, a profitable and thriving business became unprofitable. Since the business was no longer profitable, it needed to take on debt in order to pay its expenses. After taking on more and more debt, the business reached a point where it was unable to find any more debt to take on. This circumstance caused the business to fail to pay its bills anymore, which led to a financial day of reckoning. It doesn’t have to be this way. There is a more effective way to grow your business without causing it to become unprofitable. And that’s why the author wrote this book. Growing a business without making profits usually leads to a short lifespan for that business and there are exceptions such as Uber and DoorDash—but, there is a big difference between a business that has outside investors (angel investors, private equity, and venture capital) and the typical small business entrepreneur trying to bootstrap a business. The difference is that if a business has a huge target market and it is growing its sales rapidly, outside investors may be willing to fund losses for a period. The same does not hold true for an entrepreneur trying to grow a business without outside investors. Losses show that a business is on borrowed time. Once your capital is exhausted, there is no going back. A business needs profits in order to remain viable and to be able to provide for its owners, its employees, and its community. Running a business that loses money will put you out of business. There is no reason to not be profitable as you grow your business! The author shares the lessons that were taught to him by leaders, mentors in business, and by his own clients. What took him by surprise was that these lessons aren’t complicated. They’re simple. They use simple, uncomplicated methods to grow their businesses profitably. You will learn about the readily available tools you can use to ensure that your business does not turn unprofitable as you grow it. You’ll be convinced that it makes sense to resist the lure of the high-growth, no-profit strategy and instead embrace the approach of steady growth with profits. Use this book as a guide. In it, the author covers the most important aspects of reasonable, prudent growth that will avoid debt and allow you, your partners, and business associates a productive and non-stressful existence with a business that grows and profits correctly.

Download or read book Essential Guide To Increasing Profitability written by Guillermo Strejcek and published by . This book was released on 2021-08-11 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Running a successful business is a balancing act that can grind to a halt if your spending exceeds your income. To stay afloat and remain attractive to your market (and investors), you must stay in the black. More sales and customers are always good things for a business. In addition to boosting profits, you must understand the profit margin formula - the difference between your revenue (the amount of money your company brings in) and your costs - and take control of it to succeed. Since your profit margin is how much money you actually get to walk away with after a transaction is complete, understanding how to increase profit margins in business is fundamental to growth. By learning to increase profit and master your margins, you will empower yourself to face challenges with confidence. The author is a CPA whose focus is not just on filing tax returns but helping each of his clients massively improve and increase their profits. And one of the first rules of business is that it's always all about profit. You will find chapter after chapter and idea after idea about how you can turn around your business and re-set your profits from red to black in 90 days or fewer. Even entrepreneurs who are making money will benefit from this book by learning how to make even more money. The clock is ticking, so start reading!

Download or read book The Profit Mindset How to Think Like a Successful Entrepreneur written by Adella Pasos and published by Adella Pasos. This book was released on 2023-01-25 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Profit Mindset: How to Think Like a Successful Entrepreneur" is a comprehensive guide to mastering the mental and emotional habits of highly successful entrepreneurs. Written by a seasoned entrepreneur and business coach, this book will teach you how to develop the mindset and strategies needed to achieve financial success in today's competitive business landscape. The book delves into the key principles and strategies that successful entrepreneurs use to create and scale profitable businesses. It covers topics such as setting and achieving goals, developing a powerful vision, creating a winning strategy, and building a resilient mindset. Through a combination of expert advice, practical tips, and real-life examples, the book shows readers how to think like a successful entrepreneur and achieve their financial goals. In "The Profit Mindset," readers will learn how to: Develop a clear and compelling vision for their business Create a strategy that aligns with their goals and values Overcome limiting beliefs and adopt a growth mindset Foster a culture of innovation and collaboration Build resilience and mental toughness to overcome obstacles Whether you're an aspiring entrepreneur, small business owner, or corporate executive, this book will give you the tools and strategies you need to achieve financial success. With actionable advice and real-life examples, "The Profit Mindset" is a must-read for anyone looking to take their business to the next level.

Download or read book Good Strategy Bad Strategy written by Richard Rumelt and published by Currency. This book was released on 2011-07-19 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good Strategy/Bad Strategy clarifies the muddled thinking underlying too many strategies and provides a clear way to create and implement a powerful action-oriented strategy for the real world. Developing and implementing a strategy is the central task of a leader. A good strategy is a specific and coherent response to—and approach for—overcoming the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect. Yet, Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy.” In Good Strategy/Bad Strategy, he debunks these elements of “bad strategy” and awakens an understanding of the power of a “good strategy.” He introduces nine sources of power—ranging from using leverage to effectively focusing on growth—that are eye-opening yet pragmatic tools that can easily be put to work on Monday morning, and uses fascinating examples from business, nonprofit, and military affairs to bring its original and pragmatic ideas to life. The detailed examples range from Apple to General Motors, from the two Iraq wars to Afghanistan, from a small local market to Wal-Mart, from Nvidia to Silicon Graphics, from the Getty Trust to the Los Angeles Unified School District, from Cisco Systems to Paccar, and from Global Crossing to the 2007–08 financial crisis. Reflecting an astonishing grasp and integration of economics, finance, technology, history, and the brilliance and foibles of the human character, Good Strategy/Bad Strategy stems from Rumelt’s decades of digging beyond the superficial to address hard questions with honesty and integrity.

Download or read book The Profitability Test written by Harborne W. Stuart, Jr. and published by MIT Press. This book was released on 2016-08-19 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new way to determine whether a business strategy will lead to profitability. This book teaches readers to understand profitability in a systematic way, equipping them to provide logically coherent answers to questions about whether a new venture will be profitable, if changes in business strategy will generate an increase in profits, or if “staying the course” will result in continued profitability. Unlike books by business gurus that offer one-size-fits-all advice, this book starts from the premise that you, the reader, are in the best position to make difficult judgments about your business. It shows how to turn these judgments into coherent analysis, presenting state-of-the art theory for understanding business strategy from an economic perspective. The basic building block is the value that is created when the buyer and seller make a deal. In simple terms, if a company is to be profitable, it must make a favorable deal with each and every customer. After setting out key principles and applying them to market situations, the book teaches readers to apply the analysis to their own businesses—in other words, to create their own business game, the main ingredients of which are people and the value that they can create. It addresses how to integrate strategic moves into the book's theory of value creation and competition in order to address the sustainability of a company's profits, the effectiveness of the “invisible hand,” and restrictions to competition. Optional appendixes explain the relevant mathematics.

Download or read book More on the Bottom Line written by J. M. Ogden and published by . This book was released on 2022-05-03 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Challenging" - the word that defines running a business. If you are an owner, manager, or up-and-comer in one of the thirty million small businesses in North America, then this book is for you. I deliver practical approaches to reduce fixed overhead, control escalating expenses, and make your business more profitable in record time. Early stage entrepreneurs will appreciate clear directions using my chapter checklists. Business veterans will find fresh approaches to what they may have done for years. This book will help you improve your focus. You will learn to do a better job managing your time, your projects, and your company's finances. You'll discover how to bring HR and vendor management to a level of expertise you did not think was possible.Take a tactical approach with a 'quick win' or develop a broad and deep platform to launch overhead reduction initiatives using my strategic planning tools. Don't wait - start today and use this book to strengthen your bottom line and improve your company's sustainability and stability in record time.

Download or read book The Unified Theory of Profitability written by Andrew Miller and published by Business Expert Press. This book was released on 2016-08-11 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: When we discuss accelerating top line growth and maximizing profitability, we often consider hiring more people, cutting expenses, or raising prices. What we should be doing is looking at different ways to effectively utilize what we already have. Rather than hiring new people, we need to improve the performance of our current employees. As an alternative to cutting costs, we need better invest the money we already spend. Instead of raising prices, identify ideal customers to market and sell to. This book will discuss strategies on how to do all of these things and more. The author provides 25 ways to accelerate revenue growth and increase profitability immediately, without making any new financial investments. That is the Unified Theory of Profitability. It means looking at the organization and finding ways to better leverage what already exists and focusing on the activities or changes that will provide optimal results. Readers will become experts on executing on these strategies. It can be done! Find the solutions that work, commit to implementing them and results will flourish.

Download or read book Now Build a Great Business written by Mark Thompson and published by AMACOM Div American Mgmt Assn. This book was released on 2011 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this revolutionary book, bestselling business authority Mark Thompson and international success expert Brian Tracy join forces to show readers how great leadership, great people, and great products are the key to building a phenomenally successful business, inspiring customer loyalty--and experiencing tremendous growth. Now, Build a Great Business! does this by revealing a series of seven principles guaranteed to improve any business in any industry. You'll learn how to inspire superior results from everyone around you; attract and keep great people; develop a business plan that maximizes your resources; identify market demands; deliver superior customer service; craft a standout marketing plan; and motivate customers to buy again and again. With real-world examples from wildly successful businesses and accessible, all-encompassing strategies to guide you through the most important facets of any profitable venture--including leadership, sales, and marketing--Now, Build a Great Business! will transform your business and help you deliver extraordinary results.

Download or read book Say Yes to Profits written by Octavia Conner and published by Createspace Independent Publishing Platform. This book was released on 2016-05-19 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In "Say YES to PROFITS: 3 Methods For Building The Profitable Business Of Your Dreams" small business financial expert Octavia Conner provides you with proven strategies to gain financial clarity, properly manage your cash flow and double (even triple) your bottom line. Octavia has the ability to capture your attention from the first page and equip you with the strategies to build the business of your dreams. As a business owner if your goal is to propel your business to the next level this book will help you accomplish that faster and smarter.

Download or read book Profit Driven Business Analytics written by Wouter Verbeke and published by John Wiley & Sons. This book was released on 2017-10-09 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maximize profit and optimize decisions with advanced business analytics Profit-Driven Business Analytics provides actionable guidance on optimizing the use of data to add value and drive better business. Combining theoretical and technical insights into daily operations and long-term strategy, this book acts as a development manual for practitioners seeking to conceive, develop, and manage advanced analytical models. Detailed discussion delves into the wide range of analytical approaches and modeling techniques that can help maximize business payoff, and the author team draws upon their recent research to share deep insight about optimal strategy. Real-life case studies and examples illustrate these techniques at work, and provide clear guidance for implementation in your own organization. From step-by-step instruction on data handling, to analytical fine-tuning, to evaluating results, this guide provides invaluable guidance for practitioners seeking to reap the advantages of true business analytics. Despite widespread discussion surrounding the value of data in decision making, few businesses have adopted advanced analytic techniques in any meaningful way. This book shows you how to delve deeper into the data and discover what it can do for your business. Reinforce basic analytics to maximize profits Adopt the tools and techniques of successful integration Implement more advanced analytics with a value-centric approach Fine-tune analytical information to optimize business decisions Both data stored and streamed has been increasing at an exponential rate, and failing to use it to the fullest advantage equates to leaving money on the table. From bolstering current efforts to implementing a full-scale analytics initiative, the vast majority of businesses will see greater profit by applying advanced methods. Profit-Driven Business Analytics provides a practical guidebook and reference for adopting real business analytics techniques.