A well reputed on-site mechanical repair company based o the Gold Coast.
This small business has provided the owner and his family with a comfortable lifestyle but has always shown the potential to do better.
Australian Business Clinic identified that the business inventory was far too high, and causing a cash drain on the business.
We undertook a Business Health Check on this business. A Business Health Check is a valuable step in taking control of your business and safeguarding its future, even if it is already performing ‘well’.
The Business Health Check identified that with a few changes to existing management practices, and the installation of some fresh control procedures, the business could be performing significantly better. New procedures such as on-site staff reporting, sales and expense budgets and our “Exclusive Profit and Loss Programme” were introduced.
The business has delivered additional profit.
It is very easy and quite common for the owner operators of businesses that have been ‘successful’ for some years to overlook the opportunities for improvement. These opportunities typically result in not only improved efficiency, but importantly increased real profit.
Making your business more profitable involves looking at ways to increase sales revenue as well as decreasing your costs and benchmarking your business to see where you can save money. Many business owners think you need to increase sales substantially to make more money. But often that’s too difficult, especially in the short term. Sometimes, the opportunities to decrease costs will deliver your business a quicker result to the bottom line.