You’re in business for many reasons. Profit must be on that list, if not at number one, as a natural consequence of your greater business purpose.
Unless you’re a charity or NGO, business without profit isn’t a business.
Profit comes from many sources – not just revenue, but managing overheads, expenses, input costs, people and products. Profit can be found in every aspect of your business, and a thorough exploration and fine tuning of all these elements can yield amazing dividends.
A strategy for a large company can differ vastly from a small, and while similar principles are at play, increasing profit is far from a cut and paste exercise. It comes from a thorough understanding of your business and the environment it operates in.
Profit isn’t just a figure, it’s a culture. So while we can help the bottom line, we’re also here to help you manage the intangibles that contribute to a profitable business in every sense.
Profit and growth may seem like two sides of a coin, but they aren’t always connected. You can achieve massive growth and not see it appear on the bottom line. Too much growth can be as much an issue as too little. Not being able to deliver due to stretched systems and resources is as much a hurdle as no growth at all.
What’s the right amount of growth? What segments, products, territories are going to yield the best results for effort? We can help you with these and many more questions to ensure your growth strategy is focused and you achieve the best outcome for your effort.
Growth isn’t just about more products or markets. We’ve helped charities provide more services for the same budget. Helping small business owners improve their work life balance they so desperately need, and help grow brands’ reputations as well as sales.
While we can help the bottom line, we’re also here to help you manage the intangibles that contribute to a profitable business in every sense.
To complete a diagnostic Growth and Profit review of your business head to www.rsmi.com.au/gps-tool.
Should you have any questions in relation to any of the ideas raised in this article, please contact Andrew Sykes on [email protected] or
call 6217 0300
