How a 1% Change Can Be a 10% Change
How can a 1% change be a 10% change?
Let's do the (simple) math...
A 1% change to a $1M business is a $10,000 change. Sounds small, right?
Now, if your profit margin is currently 10%, that's $100,000 profit on $1M revenue.
And finally, $10,000 is 10% of $100,000.
So, a 1% change to your revenue can result in a 10% increase to your profits.
Now take a moment and try 2 things:
1. Come up with a 1% change that you could make this week. Write it down. Do it.
2. Imagine what a series of 1% changes each month would do for your business over the course of a year.
Commit to the process and stay consistent to see amazing results.
Want help with making regular and consistent 1% changes (that sometimes turn into 5% or 10% changes)? Let me know.
Association Speaker & Networking Expert | Helping Professionals Build Powerful Connections | Podcast Host & Guest
4 个月It's the little stuff that adds up over time. Funny thing is, 1% change in your professional relationships might also net a difference of 10% or more in your results. Thanks for the reminder, Sturdy!
Digital Health | MSK | Health Tech Investor | Board Certified Sports & Orthopedics
4 个月Love this concept from an internal personal perspective of trying to be better everyday. But also from a professional level when it comes to improving cash flow of a clinic via revenue cycle optimization and efficiency. “Be better everydayâ€
One of the top business and leadership experts in the world.
4 个月Exactly. Small changes over time can lead to massive results.
Sales Coaching & Training | Practical tips and tools to improve your team's sales effectiveness | Selling180.com
4 个月I love the focus on small , impactful changes made over time. It’s not as dramatic early on, but such a do-able path to better results. ?????? Thx for the reminder Sturdy