4 Magic Steps to Double Profit

Whether you are starting a business, relaunching or simply wanting to drive continual improvement, the first step is to always believe that you can do better. Stay vigilant, and continually assess how to improve or eliminate processes using new technology, AI and social media. For example, who would have imagined that the verb 'to Zoom' would be part of everyday language around the world? Continually look to improve your relationship with your customers and remember that they are changing too.



FAQs:

Will Squawk help me turn my vision into a successful business? Yes he willWill Jo's experience inspire me to succeed? Yes she willWill using the Action Points help improve my business? Yes it willCan the Checklists help me improve my business? Yes they will

·What is '4 Magic Steps' about?

Simply '4 Magic Steps to: Double Profit' leads readers through all the key points needed to run a successful business.



An enjoyable and thought-provoking read giving a clear focus on the key things for profit that all entrepreneurs and managers need to concentrate on, split into:



SAVE ME: The Magic Business formula that keeps the focusMagic Step 1: The dynamic relationship between price and profit (we show how a 5% increase in price can double profit)Magic Step 2: The dynamic relationship between volume and profit (see how a 5% increase in sales can improve profit by over 30%)Magic Step 3: Controlling costs (We show how a successful business can fall into huge losses just by adding another product)Magic Step 4: Fixed costs are a risk and Time is your enemy

There are ove 30 Key Action Points for you to use, such as



How to have a clear and focused targetGet the last % in price negotiationsBe proud of your product, and show it!Make it easy for your customer to get what they want - immediatelyLove and spoil your customersKeep the business fresh, keep the customers interestedDon't be frightened to change things if they are not workingKeep business simple as possible - complexity costs moneyGiving product choice is expensive - cull your offering, focus on key itemsContinually challenge your supply channel, keep them honest 

Also included are 7 Checklists, useful templates to follow



The Sniff Test (a quick assessment of your business)Reviewing your Selling PricesIncreasing SalesChallenging price reductionsTarget all activities and costs to co firm they are necessary and efficientChallenging risky Fixed costsChecking Focus with the SAVE ME template