Profit Drivers

Building on Duncan’s business partner and friend, Brett Chamberlain’s Turn Over Drivers, the Profit Drivers are the Key Performance Indicators and ratios that we can directly target to increase the number of customers through the door, the amount they spend, how often they spend and how much we can shave off the expenditure ledger to create a net profit return for the business.

A business makes it’s money by:

 

           Finding suspects

           Nurturing prospects

           Creating customers

           Keeping customers

           Providing product

           Providing even more product

           Selling to create income

           Keeping costs less than income

 

The Profit Drivers are the fundamental way by which the business produces a profit.  It is a collection of performance indicators, ratios and financials that are directly affected by the way the business operates.

 

          The Profit Drivers are targetable

          The Profit Drivers are driven by the BOS

          The Profit Drivers are interlinked to each other

          The are measured & monitored!

 

 





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