How to easily increase profitability
Isn’t this factoid NUTS?
Want to know why it’s true?
The reason this statistic is true is because all the fixed costs are already incurred and will stay the same – people, machinery, finances (salary, insurance, etc.) so if you can simply tweak the process to increase productivity by 10% all of the benefits go to the bottom line.
So how about this for a 2020 goal: Let’s increase our productivity by just 10%!