The Cash Flow Contractor 225 - 10 Ways to Boost Profit with Small Changes
8 snips
Oct 3, 2024 Explore how small, strategic changes can lead to significant profit boosts. Discover the intriguing 1% rule, where just a minor gross profit increase can translate to higher net profits. Learn effective methods for cost management, from cutting expenses before they start to optimizing payment strategies. Enhance team performance with clear labor hour communication and incentivized pay structures. Delve into the importance of accurate job cost accounting and the life-saving power of checklists to streamline operations.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Intro
00:00 • 2min
Maximizing Profit Margins Through Small Changes
02:09 • 12min
Boosting Workplace Efficiency
13:57 • 5min
Optimizing Labor and Inventory Management
18:46 • 14min
Enhancing Profitability through Job Costing and Checklists
32:42 • 3min
The Life-Saving Power of Checklists in Medicine
35:49 • 2min
The Power of 1% Improvements
38:04 • 4min