A lot of business owners get carried away with the idea of gaining new customers. You see this in things like ‘new customer offers’ that help a company attract more people. However, gaining customers is highly ineffective if you don’t retain them. It’s like pouring water into a bucket with a hole in the bottom […]
4 Ways To Follow-Up Your Customers And Improve Retention Read More »
When it comes to improving profit margins, many businesses follow the same path of logic: cut expenses and increase revenue. However, they tend to overlook what has the potential to make the biggest impact: the processes. In fact, some businesses don’t have clearly defined processes put in place. The things you do each day to
5 Business Processes to Audit and Improve Read More »
Ever since Toyota introduced the production process known as lean manufacturing, it has revolutionized and redefined mass production practices all around the world. The lean manufacturing system or lean for short is a system designed for maximizing product value to the customer while reducing activities that consume resources. It provides a powerful formula for doing
How to Make Your Manufacturing Lean? Read More »
There are two things that every business wants to achieve — higher sales, and lower overheads. Combine those two together and the profit margins increase dramatically. This can mean more money to reinvest in your business, bonuses to doll out to your employees, and generally a more attractive profile when it comes to the stock
Top Five Strategies to Boost Productivity and Reduce Costs Read More »
Sometimes it can be really tough for business owners, especially those that fall into a certain older age bracket, to bring their everyday workings into the 21st century. Modernising the way in which your company operates will not only help to increase your potential customers and profit margins, but could also help to improve the
2 Key Steps That Can Help Your Business Break Through Into The 21st Century Read More »
