Can you make your firm profitable?
The whole business lies in the power of decision making, taking appropriate decisions and implementing them at an appropriate time makes your firm / business stable though
not profitable.
Profits are termed as very polite facts hidden under unpredictable factors. Controlling the unpredictable factors to a greater extent will generate your profits to an equivalent level.
The step one towards achieving profits is to gain control of these internal and external factors which decides your firm’s growth.
These are the questions which pops up when you start running towards this target
- Are you sufficiently staffed?
- Do all of them have day to day work? & all the work they do is billable?
- Are all the billable hours accumulate as receivable assets?
- Are your clients satisfied?
- Does your internal process bureaucracy affect your service to your clients?
- How tough you feel managing your client’s documents?
- Do you have track of all the jobs your firms receives?
- Can you find out a jobs stagnation point and identify, who is responsible?
- Can you make out who really worked and who really fakes?
- Do you have an accrual value forecast of your jobs even before they get billed?
- Are you sure not to miss any events you need to attend and by your staff?
And finally
Do you have answers for all these questions on a single page / sheet when you need it
If so, by now you have already started towards your target
“THE PROFITS”