Five More Ways To Make Sure You Really Make A Profit

Following on from the post Five Ways to Make Sure You Really Make a Profit here are five more ways to ensure a healthy ‘bottom line’:

6.     Know What’s Good For You: Where does your profit really come from?
Understand what’s good for you and build your profit streams around this knowledge.

7.     Innovate For Customer Benefit: Sustainable profits come from a thorough understanding of customers and how they value the products or services they buy. Make sure your improvements deliver
“will-pay-for” value to customers.

8.     Look Over The Fence: Sometimes innovative ideas come from looking at how others excel. Although every industry has its own unique features, many aspects are common, so don’t just compare within your own industry – the best results might come from different sectors.

9.     Listen To Your Staff: Although most companies profess to value their staff highly (‘our most valuable asset’ etc), relatively few seem to believe they could possibly have anything worthwhile to say. Staff can be a great source of ideas; why not listen to them?

10.   Review Your Plans: As Eisenhower once said, ‘Plans are nothing, planning is everything’. The real value of a business plan is largely in the process rather than the finished document. Review your plans regularly to ensure they always provide a reliable blueprint for future profit.

If you have any questions about making and maintaining profit, please contact us on

Julian Blackmore Julian Blackmore

Julian is an internationally experienced business improvement specialist with a proven record of achievement in a broad range of sectors, including the printing industry and professional services ...

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