How to Increase Profit
There is no point in chasing sales growth if this does not produce an increase in profit. Yet do you run your business with this is mind? At Rathbone Results we work with Owner Managers, Business Leaders and Boards to increase profit in four key areas:
1. How to increase profit by price differentiation
Rathbone Results has a proven record of helping businesses improve their net profit by 2 to 3 percentage points by using effective pricing strategies and differentiation. For a company with sales of £10m this can be an additional £200-£300k net profit per annum.
2. How to increase profit by developing your clients
Your client base is a tremendous asset yet it is amazing how few companies sell or market to their customers in a systematic and planned way. It tends to be very reactive. Rathbone Results will show you how to increase sales to your customers with a carefully considered marketing strategy.
3. How to increase profit by improved cost efficiency
If your business is underperforming, you will need to urgently address your cost structure which is not aligned to the sales levels in the business. Both direct costs and overhead costs need to be reduced. Rathbone Results will provide you with practical solutions to increase profit.
4. How to increase profit by managing your money
Profits can be adversely affected by poor management of debtors and stock that result in bad debts and stock write off’s. Rathbone Results can help you to avoid cash flow problems by implementing a wide range of techniques in your business.
Our expert team will provide you with sector relevant advice, and practical support in implementing your strategy to produce noticeable change in your business, alongside a sustainable increase in profit.