On Increasing Profit by 865% in One Year
Regular readers might recall a recent post concerning the identification and development of talent of one of the staff members in one of our favourite client’s businesses. This all occurred through using Trimetrix on some of the team in his business.
Well, the financial results are now in. And they are spectacular!
I won’t quote the actual numbers (as that would be unfair and not in line with our professional obligation to keep client information confidential) but I will give you the impact that they have experienced from identifying a great person (using Trimetrix) and giving them the opportunity and support they needed to thrive.
Using the six month period we were reviewing, the results for the half year to 31 December 2013 were (let’s say) $20,000 net profit (after all expenses but before tax). Then our client dropped his newly-identified star into the business. Profit for the period to 31 December 2014 was $173,000! All the metrics for the site have improved and staff morale has gone through the roof.
Remember that, as I wrote in May last year, if you have a deep understanding of your people and their talents and skills, along with the capacity to trust yourself and them, you can create some exceptional outcomes.
Why don’t you give it a go? What have you got to lose (other than a potential star who will leave because they’re not being challenged and developed in your business)?
Give us a call to discuss how Trimetrix can make a huge difference in your business which will have an exceptionally positive impact on you, your people, your team and your customers. You will be happier, your team will be happier and your customers will be happier.
And, if it results in an 865% profit improvement for a six month period, I’ll bet the investment will be worth it!