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Profit Improvement Articles

Profit Improvement Articles

Here are links to page 234 – 5

The full title of this book by Kristen Cox and Yishai Ashlag is

Stop Decorating the Fish: Which problems to ignore and which problems really matter

In my review posted to Amazon.co.uk, I gave it 2 Stars.

Here is my review.

Nice idea, disappointing delivery

I thought this was a very good idea but, as soon as I opened the kindle book, I realised there is a problem. It’s not in the normal kindle format but instead, a two page pdf style book in landscape format. This has the advantage of presenting the diagrams and images fairly well but the disadvantage that the text was a little too small to read easily and I couldn’t highlight sentences of interest. [continue reading…]

in Other Business Books

What If Analysis – Cost Volume Profit

This is an article from P1M3 How Profit is Created in the Pillar 1 Your Key Numbers.

Understand The Financial Implications Of Your Decisions With What-If Analysis using the Cost Volume Profit Relationships

If you’ve worked your way this this Pillar 1 Module 3 systematically, then with what you know so far, you can start to look at the financial implications of some quite complex decisions.

Previously you’d rely on gut feel to make and worry about the possible consequences.

Now you can start looking at the facts and key assumptions and make a considered judgement, just like senior managers do in big businesses with full accounting and financial management support teams. [continue reading…]

in 1 – Your KPI

Reducing Costs

This is an article from P1M3 How Profit is Created in the Pillar 1 Your Key Numbers.

How To Reduce Your Costs To Improve Profitability

Look At The Detailed List Of Your Costs

First, if you want to reduce your costs, you need to know what you spend. It’s very hard to think about challenging your cost base when you’re doing it as a way of abstract thinking.

Your accountant or your computer system probably provides a detailed break down so take a look at it and challenge the big numbers first.

Seeing how the level of costs compare can be a big eye-opener. It’s very easy to agree to increase costs – an extra person, a salary increase, a price increase from a supplier or a new discretionary cost. [continue reading…]

in 1 – Your KPI

Your Profit Target Point

This is an article from P1M3 How Profit is Created in the Pillar 1 Your Key Numbers.

Use The Cost Volume Profit Model To Target Your Ideal Profit

You can use the same Break Even Point logic to target the Profit you want, by treating your profit target as a fixed cost.

Then you can calculate the sales needed to reach your target at your contribution rate assumption. [continue reading…]

in 1 – Your KPI

Three Ways To Make More Profit (Accountants)

This is an article from P1M3 How Profit is Created in the Pillar 1 Your Key Numbers.

How Accountants Tell You How To Increase Profit using The Cost Volume Profit / Break Even Analysis Model

The break even point model (numbers example link) makes it clear there are only three ways to make more profit.

The first way is you can sell more

We have already seen the impact of that in our numbers example. [continue reading…]

in 1 – Your KPI

Profit Gaps Example

We’ve gone through a lot of theory about profits and finance without having to resort to many numbers examples.

That’s about to change to help you to understand the Profit Gaps in your business. I do the best to keep the numbers simple.

Calculating Your Profit Gap – A Worked Example

[continue reading…]

in 1 – Your KPI

The Profits Principles by Steven Briginshaw

The full title of this book by Steven Bringinshaw is

The Profits Principles: The practical guide to building an extraordinary business around doing what you love“.

In my review posted at Amazon.co.uk, I rated it as a FOUR stars book which means I think it is very good.

Here is what I wrote.

A very good book packed with general business advice

This book is loosely written around the acronym PROFITS. This stands for Plan, Realise, Optimise, Focus, Improve, Tax and Systemise and, as you can see, this is forced and you have to learn how to interpret the individual words.

While I was reading it, I was hearing echoes of the classic small business guide, The E-Myth Revisited by Michael Gerber. This has the added benefit of avoiding that book’s syrupy writing style while providing more practical “how to do it” guidance. [continue reading…]

in Best Business Books

The full title of this book by Scott Hallman is

The 7 Success Drivers to HyperGrowth: How America’s Fastest Growing Entrepreneurial Companies Achieve Greatness“.

In my review at Amazon.co.uk, I rated the book at the FIVE Stars level, this means that I consider it excellent.

Here is what I posted.

Packed with important lessons

Many years ago, I bought an excellent audio training product by the author that provided detailed implementation advice for Jay Abraham style marketing and profit building strategies. Since then he’s been one of my favourite experts and I’ve been looking forward to the time when he publishes his first book. [continue reading…]

in 2 – Your Inner Game, 3 – Your Strategic Positioning, Best Business Books

Scaling Up by Verne Harnish

The full title of this book by Verne Harnish is

Scaling Up: How a Few Companies Make It…and Why the Rest Don’t“.

In my review at Amazon.co.uk, I rated it as a FOUR Stars book, meaning that I think its in the range of good to very good.

Here is what I posted.

How you can grow past the normal constraints on growth

This is an interesting book which looks at how you can push past the constraints which stop most businesses from growing.

It’s split into four sections – people, strategy, execution and cash.

I started reading it and throughout the People section, I was convinced this was going to be a five star book but, the more I read, the more I was tempted to knock off one star. [continue reading…]

in Best Business Books

Hidden Profits by Richard Legg

The full title of this book by Richard Legg is

Hidden Profits: Get more sales, bigger profits and greater freedom by unlocking the invisible revenue sources that already exist in your business“.

In my review at Amazon.co.uk, I rated this book at the Four Stars level, meaning I consider it to be in the good to very good range.

Here is my review.

Focused on Internet Marketing businesses

This is an interesting book about increasing profit without taking big risks on new marketing campaigns. It is written for Internet marketing businesses but many of the ideas can be applied to more conventional businesses although you’ll have to do more thinking about how you can adapt the ideas. [continue reading…]

in Best Business Books