Quick Profitability Assessment

1. Y___ N ___ I have cut my overhead by automating almost everything.
2. Y___ N ___ I have cut my variable expenses by negotiating everything with suppliers.
3. Y___ N ___ I have cut my variable expenses by redesigning (re-engineering) how work gets produced and this is a continual process and second nature to me.
4. Y___ N ___ I increase productivity by expecting more from everyone.
5. Y___ N ___ I leverage my strengths.
6. Y___ N ___ I challenge my assumptions about my industry and my company and my business.
7. Y___ N ___ I experiment with new ideas, new types of products and new processes. I invest 1% of sales into making boo-boos, radical experiments, intuitively-based decisions, think tank getaways-whatever is outside the box.
8. Y___ N ___ I hire only employees who continually impress me with their initiative and competence. I let everyone else go. I “get it” that increasing profits come from great employees, not average ones.
9. Y___ N ___ I turn my customer service department into the R&D Department of my company.
10. Y___ N ___ I ask my employees and staff what else they need/want from me so we can be more profitable.

How did you score?

Carpe diem,

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