Who should be involved in improving profitability?

Setting goals for profit improvement, agreeing broad strategies and deciding which of the areas you are targeting is largely a management level activity. You and your management team know your business and, either on your own or with external support, you will be in a good position to set the vision.

Once you have a clear idea of the vision, all team members can have a good idea about how to increase sales or margins. Involving a cross section of staff at an early stage will make your plan more robust and easier for your staff to understand and follow.

Cutting costs can be perceived as a threat by team members so communication is the key to engage your whole team in improving profits.

If you are a busy business owner or manager, you should think about the value an external facilitator can bring. You could buy-in experience and expertise that you may not have in house and reduce the disruption to your day-to-day activities whilst you get the project up and running.

WMT can help you to stay on track, measure your results and adapt your plans when priorities change.

Do you still have questions? Get in touch with our business consulting team to find out more about how they can help you.

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