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- Increasing Productivity
- Making Strategy a Reality
- Quantifiable Performance
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Why Do You Need Business Consultants
We have compiled more than 24 years of business analysis data on a multitude of corporate entities, ranging from $500k to more than $100M in annual revenue throughout the United States. Our research and findings suggest common patterns; traits that lead to business failure as well as installed business fundamentals that lead to success.
Three transformations every business owner must make to join the ranks of the best managed and most profitable companies in business today
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You must transform yourself from technical expert to master strategist.
- You must transform yourself from an instinctual decision-maker to a fact-based decision-maker. The key to success in business is to manage by fact rather than expediency:
- Gather information
- Assess the risk
- Weigh the costs and benefits
- Take action
- You must transform the business from a partnership model to a functional responsibility decision-making model. The person with functional responsibility must make all the decisions within their area of responsibility. Owners should be involved only when the risks are high.
What is the Best Business Decision
Should you focus on increasing sales or reducing costs in order to increase profits by $1,000? The following table will help you answer this question.-
What is your profit percentage?
- What amount of incremental sales is needed to increase profits by $1,000?
- What amount of cost reduction is required to increase profits by $1,000?
| A Net Profit % | B Required Sales Increase | C Required Cost Reduction |
| 15 | $6,667 | $1,000 |
| 12 | $8,333 | $1,000 |
| 10 | $10,000 | $1,000 |
| 8 | $12,500 | $1,000 |
| 6 | $16,667 | $1,000 |
| 5 | $20,000 | $1,000 |
| 4 | $25,000 | $1,000 |
| 3 | $33,333 | $1,000 |
| 2 | $50,000 | $1,000 |
| 1 | $100,000 | $1,000 |
- Management plan, profit & expense control, profit structure, accounting methods, chart of accounts, employee compensation and productivity.
- Purchasing, inventory and other control factors
- Labor costs, material costs, plant layout, overhead, production control and other major factors to create more profitable operations.
- Floor space, layout, counter methods, merchandising and inventory turnover
- Industry standards
Contact Us
Drake Baron Management Consultants
2811 Gunston Bridge Ct
Suite #187
Chesapeake, VA 23323
Direct: (757) 535-4020
Email: Contact@DrakeBaron.com
