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How to Increase Profit Margin: 5 Strategies for Any Business

Hubspot Sales

Every company has its eyes on its bottom line and, in turn, is mindful of its profit margin — the most definitive metric of how successful your sales efforts are, relative to your expenses. Ways to Increase Profit Margin. If you want to improve your profit margin, you can't go in blind. Focus on customer retention.

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The Important Role of Pricing Departments in the Price, Cost, Revenue Equation

Holden Advisors

Think: Revenue – Costs = Profit. Some time ago, Holden Advisors assisted a company that sold construction dirt by helping them better define their value. Pricing Divisions: The Guardians of Revenue and Defenders of Value. The pricing department of any company is essentially the guardian of revenue. Assist in communicating value.

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6 Excellent Reasons to Consider Lean Construction Software

Kainexus

While many people associate the Lean business methodology primarily with manufacturing, it is an ideal approach in the construction industry. Construction projects are complex. Lean construction software isn’t a requirement for leveraging the approach which seeks to respect workers, eliminate waste, and continuously improve.

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The customer may be right, but you need a PoV!

Upland

PS teams often have to walk a tightrope between making a customer happy and therefore, interested in a long-term contract, while simultaneously completing projects on time, on budget, and with a profit. This is where the magic of a strong POV can head off having the project team relegated to being paid staff.

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What Is Revenue? A Quick Refresher

Hubspot Sales

It's the starting point for calculating profit, and generating enough of it means your business can cover operating expenses and stay afloat in the long run. Is it the same as profit? Let's get into the basics of revenue, how to calculate it, and how it differs from profit and cash flow. Is Revenue Profit?

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What is Lean Production? Frequently Asked Questions

Kainexus

Lean production , also referred to as Lean manufacturing or Lean business, is a methodology that helps businesses and non-profit organizations reach their short and long-term goals. It is widely used in organizations as diverse as construction, education, software development, and healthcare.

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How is the Lean Methodology Practiced in Healthcare?

Kainexus

The ideas and tools broadly apply to any organization that wants to maximize customer value while maintaining profitability. The Lean approach to process improvement is leveraged in software development, construction , education, and professional services. The benefits of Lean management are not confined to manufacturing.