In this teleconference, Andrew talks about how the five myths of mastering profit margins and the nine levers you can pull to increase margins. He also introduces the concept of potential profit and talks about how to compare that to your actual profit.
Andrew shares 5 reasons why employee turnover can be a good thing.
- Employees who are not meeting expectations are replaced with people that can
- New employees bring new ideas to your company
- New employees often challenge management and offer suggestions
- Gives companies a way to restructure and phase out unnecessary positions
- Shows your top people that there is no culture of entitlement