On “Call THAT a Profit Increase?”
The purpose of a business is to make a profit – so have uttered many business sages over the years. As one of my mates states “Profit is the applause you get from your customers”.
Whichever way you look at it, we need to understand that improving profit is a goal that all businesses should strive for.
You may recall that some time ago, I posted about the results one of our favourite customers had realised from appointing someone they would not have previously considered to the role of Manager of one of their remote sites.
Well, we now have the full year results in and – they’re even better than I had previously reported.
For the previous financial year, the site in question had generated an EBITDA loss of $13,000. Yep, a loss.
The results this year? Well, the EBITDA result for this site has come in at comfortable number in excess of $155,000. That represents a $170,000 turnaround. Bottom line.
In a highly competitive market, with lots of challenges. How? By getting the right person in the job, giving them the opportunity to thrive, providing them with the support they needed in the way they needed it and, otherwise, keeping out of their way.
How many people in your organisation are you not setting free to do their best? What would happen if you did have some absolute stars who you could enable to be of their best for and with you?
It happens. Wouldn’t it be great if it could happen in your business? If you would like to find out how you might be able to sleep better at night, give us a call.
After all, it’s only profit you’re missing out on.