fbpx

Updates & Articles For your Business

Connolly and Associates support businesses to grow strategically and be well informed.

5) Building a Profit Plan / Strategy for your business

We don’t have any strong written content for this section. Below is what we do have…

VIDEO

How to build a profit plan for your business.

The video tells us…

How to decide on the right cause of action to increase business profits?
It’s about small incremental improvements over your whole business

Start by looking at the 4 key profit areas
1. Sale leads = More opportunity
2. Sale Conversions = what can you offer to get someone who said no to say yes?
3. Cost reduce = where can you safely trim costs without effecting quality and service levels
4. Overall Efficiency = Ways to complete tasks more easily, or in a smarter way, or faster or less waste, more productive

Develop a business profit plan to manage the above

PUT THIS VIDEO IN WRITING? 


ACTION PLAN NOTES

Build a profit improvement plan to grow your business without exposing it to unnecessary risk.

A profit improvement plan segments key influences on your profits into smaller, more manageable areas in which you can make small, incremental improvements that add up to deliver a big result.

You don’t need to make wholesale changes to your business or rewrite the rule book to improve your situation. Simply making a 5–10% improvement to your conversion rates can produce a surprisingly significant result in itself.

Use this tool to build your own profit improvement plan. It’ll help you compile a range of actions and solutions you can tailor for your business, in a document you can download at the end for future use.

NO TOOL ATTACHED


PROFIT INCREASE CALCULATOR

Use the Profits increase calculator to work out monthly business overheads

Download the Profit Increase Calculator here. 


Content missing….

  • more information on profit increase strategies
  • What’s next? After you fill in the profit increase calculator? How to action within your business
  • How does C&A assist clients through this process.

Video

Tony talking about

  • Why creating a profit increase strategy in your business is so important.
  • What can happen when it goes wrong (example)
  • What can happen when it goes right (Example)
  • Surround yourself with professional that want you to succeed continually in business. Like C&A?
Please support and share...

BOOK A FREE TAX & ACCOUNTING CONSULTATION

There is no better way to experience how Connolly and Associates chartered accountants can help grow your business and financial success than booking a FREE, no obligation consultation.

OUR PARTNERS