Post by account_disabled on Mar 7, 2024 1:26:11 GMT -7
The that will take years. If your margin is and the average annual inflation rate is then by not raising prices for years in real terms you have given your customers over discount and given your customers almost half of your margin. Not raising prices is a great way to avoid a lack of profitability but you will have to wait a few years for this lack of profitability. issue is to monitor the proportion between employees who perform invoiceable work and those who perform work that enables the existence of the company. There should be as few of the former as possible but enough to ensure the inflow of orders growth and functioning of the company.
The latter just enough to fulfill orders. If for every three Phone Number List employees performing invoiceable work there are two who do not do it you have problems with balancing the budget just like a country where there are two retirees for every three employees. Beware of costs For the first months of Casbegs operation the entire team had to use the kitchen which was located on the floor above us because we were very careful about the companys operating costs so as not to jeopardize cash reserves. Therefore when we go through subsequent cost items in the statements of customers who are looking for savings I am sometimes surprised.
Sometimes managers are not able to easily explain all cost items sometimes even when they are large amounts. Usually in service companies the main group of costs are salaries and labor taxation but it is often possible to save an additional PLN or a month by reducing nonessential costs. Remember that companies that waste money on unnecessary things will sooner or later run out of cash for necessary things. Wouldnt it be easier to grow if your prices and margins were a little higher your team a little smaller payment terms.
The latter just enough to fulfill orders. If for every three Phone Number List employees performing invoiceable work there are two who do not do it you have problems with balancing the budget just like a country where there are two retirees for every three employees. Beware of costs For the first months of Casbegs operation the entire team had to use the kitchen which was located on the floor above us because we were very careful about the companys operating costs so as not to jeopardize cash reserves. Therefore when we go through subsequent cost items in the statements of customers who are looking for savings I am sometimes surprised.
Sometimes managers are not able to easily explain all cost items sometimes even when they are large amounts. Usually in service companies the main group of costs are salaries and labor taxation but it is often possible to save an additional PLN or a month by reducing nonessential costs. Remember that companies that waste money on unnecessary things will sooner or later run out of cash for necessary things. Wouldnt it be easier to grow if your prices and margins were a little higher your team a little smaller payment terms.