Thursday, 29 March 2018

Wednesday, 21 March 2018

It’s everyone’s job to improve profits

Profit is a critical measure for every business, however mature or successful.  Improving those profits is not the exclusive domain of the senior management group - everyone needs to be aware of the impact that their actions and daily decisions will have on profitability and actively seek to identify improvement opportunities in all areas.

There are three steps to improving profitability through the actions of your teams:

1)  Build an understanding that it’s everyone’s job to improve profits.

2)  Develop the skills of individuals to identify additional profit opportunities.

3)  Ensure that ideas are fully implemented to continuously add value.

Our programme, “50 Ways to Improve Profits”, explores cost-effective methods of improving business performance, which can be implemented in a short time scale.  This two day workshop helps business leaders and their teams develop ideas and set up a structure for continuous bottom line improvement.  It offers 50 proven profit improvement concepts with practical examples, which can then be converted into actions. 

The workshop and its concepts originate from our own vast experience and gathering of best practice, detailed research, consultation with many senior executives in varied industries and the best practice of many previous participants. 

By the end of this workshop, the group and individuals develop practical ideas and plans of action to drive profitable business growth.

So, if improving profit is on your to-do list, do contact us to discuss – we’d be pleased to help! 

PiP Associates (Profit Improvement Programmes) 

Training and development
+44 (0)113 289 2686.

Wednesday, 7 March 2018

Accelerated Learning: turning theory into practice & results

Based on the old adage “Tell me & I won’t remember, show me & I might remember, involve me & I will remember”, we utilise Accelerated Learning as our primary training delivery methodology. 

Accelerated Learning works on the principle that people learn in different ways and that most people learn more through involvement, particularly sales and commercial staff, who respond best to team work, interaction, role plays, debates, competition, challenges, etc.  This is why we don’t use Powerpoint in our courses and we maximise the amount of delegate participation and interaction.

The proof is in delegates’ excellent retention of information and their successful results following their implementation of the learned new skills.

Our overall focus is on delivering results and return on investment for our clients.  Accelerated Learning, along with follow up and on the job support from managers, is a key part of that delivery, helping delegates and their managers to learn, implement and turn theory into practice and best results.

PiP Associates (Profit Improvement Programmes) 
Training and development
+44 (0)113 289 2686.

Thursday, 1 March 2018

How can you make more profit without selling more or increasing prices?

Measuring customers by product sales, volume and prices is key, but are you missing a valuable measure of account profitability by not looking at the cost of servicing customers?

You could have two customers, for example, whose products, volumes and prices are exactly the same, however, one customer is considerably more profitable than the other due to the lower costs of servicing their account: we call this Cost to Serve!

There are many ways you can reduce the costs of servicing a customer, without any reduction to customer satisfaction.  For example, if you reduce the number of deliveries from four times a week to twice a week (which may also suit the customer), you halve the cost of delivery, which for a long distance customer could be a significant saving.  Even if the benefit is shared with the customer, you can make considerable headway and build stronger customer ties.

We have identified dozens of ways to reduce the Cost to Serve and this training exercise is always well received on our courses given it is eye opening, easy to implement and brings immediate results!

PiP Associates (Profit Improvement Programmes) 
Training and development
+44 (0)113 289 2686.

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