Improving Business Profits - eLearning

This activity is published by accountingcpd.

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As accountants, we are always looking for ways to improve business. But how do you increase sales and reduce cost? Processes need to be put in place and effective communication is vital when establishing and executing a plan.

For lasting improvements, it is necessary to put in place a structured approach that looks across the whole business to improve productivity. This course takes a comprehensive look at the various options you or your client’s business has for long-term improvement. You will learn how to control costs by examining pricing strategies, margins and discounts; how to maximise customer profitability, how to control inventory and eliminate waste and the ways you can improve profit by assessing the assets and financing of the business.

Upon satisfactory completion of this activity you will be able to:
• Understand the basics of building a successful business from ensuring staff are motivated to keeping up to date with the digital transformation.
• Apply practical approaches to improve revenues keeping the existing customer base in mind.
• Apply an appropriate method to optimise costs, deliver value, eliminate waste and non-value-added costs.
• Identify practical ways you or your client’s business can make use of its assets and control its liabilities.

Making your business more profitable involves looking at ways to increase sales as well as decreasing your costs and benchmarking your business to see where you can save money. This course examines options for you to consider using in your organisation.

No prerequisites.

No materials distributed.

No assessments required.


Topic: Business Mindset

Sub-Topic: Operational Excellence, Strategy

Format: eLearning

Proficiency Level: Foundation, Intermediate

CPD: Upto 4 hours