It’s tough out there for many businesses, but many businesses are also flying high – sales up – profit up - market share up. Working with, and coaching, high growth SME’s may mean that I have a biased perspective that ‘business is really good’ out there. It’s not for everyone though. So, what makes the difference?
Essentially it comes down to 2 things: attitude and attention to detail, and that’s attention to detail in everything that successful businesses do.
One area is paying lots of attention to detail to KPI’s. Firstly you need to set the right ones and then not only track performance but where performance is dipping (or rising quickly); you must act upon the findings, every time. If you want to ensure that profitability is on track then the KPIs you track must focus on profitability.
Here are 7 things to help you focus on profitability:
It is tough in business but then no-one said it would be easy. Keep your focus on your profitability and you should not only survive but thrive too!
What are your top tips to help you focus on profitability?
1. Follow me on Twitter / LinkedIn and let me know the business challenges keeping you awake at night that you want to solve. Click here to email. Connect with me, The Business Planning Coach on Facebook and Instagram.
I host the Small Business Clinic on Clubhouse every Tuesday & Thursday at 8am. Drop in and ask me & my panel of experts a question.
2. Grab a copy of my book The Grown-Up Business (paperback and Kindle). Get the tools and inspiration you need to go to the next level of wealth.
3. Work with me on your growth business to overcome the blockages, hurdles & problems that are holding you back. Join the community, email me with Let’s Get Started in the subject line or book a 30 Discovery Meeting using Calendly