
4 Magic Steps to Double Profit
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Whether you are starting a business, relaunching or want to drive continual improvement, the first step is to always believe that you can do better. Stay vigilant, and continually assess how to improve or eliminate processes using new technology, AI and social media. For example, who would have imagined that the verb 'to Zoom' would be part of everyday language around the world? Continually look to improve your relationship with your customers and remember that they are changing too.
This second edition of 4 Magic Steps to Double Profit still uses a story to demonstrate the fundamentals of improving profit and cashflow. By keeping the message simple and clear it picks through the complex and sensitive business issues you will encounterand difficult decisions you need to make. It is now updated to reflect the rapidly changing times we live in, and the ways customers are changing too.
Use 4 Magic Steps to develop and maintain a successful business that your customers will love.
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Content
Introduction
Foreword by Professor Ruth Allen
Section 1: Focus: Why Every Business Needs a Target
Section 2: SAVE ME: The Magic Business Formula
Section 3: The Magic Steps:
- Magic Step 1:
- The Dynamic Relationship Between Price and Profit
- Magic Step 2:
- The Dynamic Relationship Between Volume and Profit
- Magic Step 3:
- Controlling Costs
- Magic Step 4:
- Fixed Costs are a Risk and Time is your Enemy
Checklist 1: The Sniff Test
Checklist 2: Review your Prices
Checklist 3: Increase Sales
Checklist 4: Test Your Reasons for Reducing Selling Prices
Checklist 5: Check that Activities and Costs are Necessary
Checklist 6: Review All Fixed Costs
Checklist 7: The SAVE ME Template
About the Author
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File format: ePUB
Copy protection: Watermark-DRM (Digital Rights Management)
System requirements:
- Computer (Windows; MacOS X; Linux): Use a reading software that can process the file format ePUB: e.g., Adobe Digital Editions or FBReader – both free (see eBook Help).
- Tablet/Smartphone (Android; iOS): Before downloading, install the free app Adobe Digital Editions (see eBook Help).
- E-reader: Bookeen, Kobo, Pocketbook, Sony, Tolino and many more (not Kindle).
The file format ePUB works well for novels and non-fiction books – i.e., „flowing” text without complex layout. On an e-reader or smartphone, line and page breaks automatically adjust to fit the small displays.
This eBook uses Watermark-DRM, a „soft” copy protection. This means that there are no technical restrictions to prevent illegal distribution. However, there is a personalised watermark embedded in the eBook that can be used to identify the purchaser of the eBook in the event of misuse and to provide evidence for legal purposes.
For more information, see our eBook Help page.