Too often entrepreneurs and executives chase after more clients, higher sales or turnover and profits without realising that they are chasing the wrong things. If you think about it, these things are outcomes and results rather than things that you can directly affect. They themselves are affected but other ‘levers’ in your business. Here’s a list of some of the seven key levers that exist in almost every business that you should be focusing on. Small maths fact: if you improve performance in each of these ‘lever’ areas by around 10% or more over the course of the next year it could lead top over 40% growth in sales and over 60% growth in profit. Don’t believe me? Ask and I’ll show you the maths. Here’s that list:
So what do you get when you improve in each of the above aspects — flexing each “lever” just a bit? Fantastic growth. Your business may not be conducive to modifications of each variable, but make improvements of just 10 to 20% in a handful of areas and you’ll add 50%, 100% or more to your bottom line!
How many of these areas are you focusing on?
Thanks to macca for the photo