Profit Think Tank

Profitability a2z™: Profit Word of the Day = Problems

You won't get to profitability without your fair share of these. Good problem solving is a hallmark of successful managers and companies. Where others see overwhelm, you see opportunity! Things never go perfectly in business and having a knack for solving problems can propel your success forward!

Profitability a2z™: Profit Word of the Day = Proactive

Profitability is usually found around people who make things happen. It's not a passive activity. It is about taking action with purposeful intent. It is not about waiting around for profits to find you, but rather seeking, striving, and searching. Proactive means "get to it!"

Profitability a2z™: Profit Word of the Day = Personality

What is the personality of your business? Your business does have its own personality, which is reflective of the collective personalities in the business, including a heavier influence by its leaders.This personality impacts relationships with customer, vendors, and employees... which cycles back to impact the company, so it becomes a personality "circle" which feeds on itself. Be deliberate about creating and monitoring the type of personality you are interested in having.

Profitability a2z™: Profit Word of the Day = Perception

Communications are key to business success. And recognizing that perceptions often vary from reality and ultimately dictates the way others view you and your activities is important. How employees perceive you is often different than your intentions. In fact, people often run what you say through a filter of perception. Perception can be wrong; it is easy to misunderstand and to unintentionally mislead. Customers will act more on their perceptions than on what you may think is "reality" - and those things may be very different in actuality than you think they are. Pay a little closer attention to perceptions, how you influence them, how they may create a different reality than you thought, and how to move them towards a greater influence on your success and profitability. Things are definitely not always as they appear (or as you intended)!

Profitability a2z™: Profit Word of the Day = Passion

Profitability is no simple task. Oh sure, its just revenues minus costs/expenses. Its easy right? Of course not. Another element which impacts both the ability to grow revenues and control costs is passion. It's hard to quantify passion? (Are you a 76 or 83 today?) However, it is not hard to see the impact. Passion drives progress (so find yours!)