Are You Smarter than a Fifth Grader?

 

The popular TV quiz show asked this question, usually with comic results.

Sadly, for many businesses, the answer is “no,” with significant unpleasant consequences.

For example, a fifth grader would never set up a lemonade stand and sell his/her product for less than it costs to make.

Yet, many businesses inadvertently do this, as they don’t track any information on customer profitability.

Many times, your largest customers are not your most profitable.

>>  One of our clients doubled their profits after they raised their prices for a group of customers who were at best delivering breakeven results and required a costly Saturday shift to fulfill their orders.

Reach out to me if you want to test your company’s financial IQ.

If it is weak, I can offer you ways to increase it and improve the profitability of your business.

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