Tag Archives: profits

Precision Forecasting

Have you ever had an experience at a meeting that you will never forget? Here’s one of mine. A few years ago, I was advising a major company in restructuring its supply chain and customer relations. I visited one of … read on

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What To Do When Half Your Company is Not Profitable

A few days ago, CNNMoney.com/Fortune posted a very informative review of my new book, Islands of Profit in a Sea of Red Ink. Here’s the review by Anne Fisher: What to do when half your company is not profitable By … read on

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The Profit Cycle: A Tale of One Business’s Turnaround

“Watch out for the bump in the road,” Grace blurted out. Mike glanced down at the newly patched pothole, and braked his bicycle to a stop. Grace stopped beside him. Mike turned to her, “You know, I could take that … read on

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The Problem with Accounting

What’s the difference between profits and profitability? In most companies, a net income deficiency of 30% or more. Let me explain. Accounting information is at the core of virtually all of our business processes. It is axiomatic that accounting has … read on

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Profit from Managing Returns. Yes, Returns.

What do a typical hospital and a typical retailer have in common? They both have a problem managing returns. Let me explain. About a year ago, I spent a day with the President’s Cabinet of a major medical center. This … read on

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If I Ran My Customer… Part 2

Profits are your reward for meeting customer needs. The questions on the table are: Which customers? And which needs? In my last post, I discussed the first question, which customers? Today, I’ll focus on the second question, which needs? The … read on

Posted in Selling for Profit Tagged , , , ,

If I Ran My Customer… Part 1

Profits are your reward for meeting customer needs. Sounds obvious, right? But here are two critical questions: Which customers? And which needs? The answers will have a huge impact on your profitability and business success. Today’s post will focus on … read on

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