How to understand what drives the numbers in your business and the steps you can take to maximise your profitability

Local workshop

Register

Local workshop

How to understand what drives the numbers in your business and the steps you can take to maximise your profitability

South West & Central

Online

Tuesday, 21 Sep 2021

Closing date for application:
Tuesday, 21 Sep 2021

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South West & Central

Online

Online

South West & Central

Tuesday, 21 Sep 2021

Start time: 10:00
End time: 11:30

Tickets available

Closing date for application:
Tuesday, 21 Sep 2021

Overview

Improving your business' profitability can help you to increase turnover and productivity, reduce costs and help you to plan for growth. . It will quickly identify how your business might perform 12 months from now and where to focus your efforts. How you do this will depend on several different factors including the sector you’re in, the size of your business, your operating costs, and the market you’re selling to.  Underpinning that is a core set of numbers that any business can measure performance from.

In this workshop we’ll take you through those 5 key areas that ultimately drive your profitability.

Normally most business owners will look at their profit in the following way - sales, minus expenses equals profit. In the ActionCOACH® ‘5 WAYS’ approach, each variable depends on the other to improve profitability. This way of thinking expands upon this narrow view and breaks the sales variable into five separate component and gives you a more holistic view of how well your business is really doing.

We’ve collaborated with ActionCOACH® to deliver this profitability workshop to help you gain a new focus on:

  • The ActionCOACH® 5Ways approach
  • the most important numbers to focus on
  • creating a framework for your team that allows for scalability

By the end of the session, you’ll have a clearer understanding of the metrics that drive profitability in your business and help you identify key areas for future business growth During the session you’ll be with like-minded business owners in the same position as you. You’ll connect with businesses in your area, facing the same opportunities and uncertainties, and you’ll be guided by the experienced ActionCOACH® team.

This workshop is relevant for anyone with strategic responsibility within any business (regardless of size/sector) looking to improve profitability and business growth. That could be you as an owner/manager or people in your team and will be particularly useful to businesses who want to implement a more strategic growth strategy. Please also note this is an interactive session, and the more you contribute and interact with other delegates the more insight you’ll gain.

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