In a recent email I talked about why evaluating your business model is essential in these turbulent times. Successful businesses are able to maximize the amount of value that is delivered to customers (and captured in the form of revenue) for the least amount of cost in operating expenses. The better the profit margin, the more options the business…
Month: October 2020
Something for the weekend, sir
Not all businesses have suffered from declining sales during the pandemic; the owner of brands such as Dettol, Nurofen, Cillit Bank and Durex (Reckitt Benckiser) has just seen a 13% rise in sales in Q3, but it has become clear that after what some thought was a temporary adjustment before we returned to ‘business as…
Who does the thinking in your business?
Who does most of the thinking in your business? It’s you isn’t it? In fact, you probably do all of it. You are the master strategist for all the parts of your business. You’ve been good at outsourcing the DOING of things (like operations, website creation, newsletter production, customer support, social media, bookkeeping, etc.) but you…
