Looking for new profits
We all want to perform better. Yet for many businesses yield improvement is a difficult topic. Entrepreneurs and managers deliberate about their business yields on a daily basis. The market is still problematic and pressure on prices is the order of the day. Are you getting everything out of your business? Or could there be more?
The yield at the bottom of the column is the result of the choices made by the entrepreneur and within the business. Roughly speaking, yield is the difference between turnover and costs. The challenge is to maintain or increase turnover and minimise costs. This requires action on both fronts.
Find out which elements could perform better
There is more profit in your business than you may think. Naturally, the specific culture of your business and the dynamics of the sector in which you operate, have their role to play. Focusing on, for example, strategy, innovation or human resources policy will make an average yield improvement of 5% possible. This is shown in an analysis of the results from the BDO Revenue Monitor, an online tool that our clients use to link their annual figures to their current and targeted scores on nine crucial business elements.
Make an appointment
BDO will be happy to help you take steps to improve your yield. Our team of specialists are happy to support you in this process, in the pragmatic manner you have come to expect from BDO and in line with the culture and style of your business. Please do not hesitate to contact us for an appointment without any obligation.