Of course not! This week we’ll look at one strategy that helps the planet AND your profitability by using your scrap-materials! Use your scrap materials! You run a small manufacturing business. You know that it’s tough enough to troubleshoot manufacturing problems, … [Read more...] about Stop scrapping your scrap!
Everybody knows that your profits are your income minus your expenses. But did you know that there’s an often-overlooked way to increase your profitability without raising your prices or sacrificing quality? Profitability increases with Yield! Yes, yield! If you read … [Read more...] about Profitability part 2: running the numbers!
Profitability is simple in theory: your business makes money by selling things. Specifically, you spend (invest) money to make your products, then people pay you money to buy your products, and the difference between what you took in and what you spent is your … [Read more...] about Profitability: it’s all about Yield!