April 20th, 2020
Measure twice, cut once, and make sure you have the right tool for the job.
We’re not carpenters, but some rules are universal.
We thought you might appreciate this “Power of One” tool. Here’s the idea …
The biggest difference between great businesses and average businesses is that the most great companies are constantly improving … 1% at a time. They are improving products, services, systems, and financials in tiny increments over time and they are yielding incredible results.
It’s a result of the compound effect.
Simple 1% changes can yield 20-30% better results. It’s beautiful in its simplicity and profound in its results.
Our power of one spreadsheet is a tool that shows how a 1% change in sales, gross margin, fixed, and variable costs can add more than 1% to your bottom line. It’s easy to use. Simply download it and plug-in your numbers. The calculations will occur automatically.
It can be incredibly eye-opening and will give you some quick insight into how you might have a major impact on your bottom line by implementing very small changes in your business.
If you’re ready to take your business and leadership skills to the next level, and if you think your business could benefit from more insights like what’s offered in this article, let’s start a conversation. LXCouncil may be the perfect next step!
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