Profit Improvement Plans: Small Changes, Big Results
Imagine Arsene Wenger at Arsenal, meticulously tweaking training routines, diets, pre-match rituals, and incorporating sports science.
Seemingly insignificant adjustments, yet they combined to give the team a noticeable edge over rivals.
The same principle applies to profit improvement plans (PIPs). Like Wenger’s holistic approach, PIPs focus on multiple, incremental improvements in key areas to supercharge your bottom line
Why monitor? Because you need to track progress, assess impact, and adjust as needed. Markets and costs fluctuate, so goals and objectives might need tweaking too.
Reflecting the Business Landscape:
A PIP is not a static document; it evolves alongside your business and its dynamic environment. Imagine your business as a ship navigating shifting currents – your plan needs to be agile, responsive, and forward-thinking.
Ridgell & Guildway Accountants Ltd:
As chartered management accountants, we partner with you to craft a custom PIP tailored to your specific business, goals, and data. Forget cookie-cutter solutions – we work hand-in-hand with you to unlock sustainable profitability.
Ready to turn small changes into big results? Contact us today!
What to expect
3 Step Process
- Research and analysis – data driven and driven by you
- Findings – meet with you to discuss our findings and outline a plan for profit improvement
- Plan – finalise the plan, and develop an action plan of action for you to implement over the next 6 to 12 months
Optional
From here you can go it alone, or continue to work with us in helping you stick to the plan and monitor performance
- Performance monitoring – using benchmarks and KPIs you provided, together we monitor and assess how well the plan is actioned with monthly reports.
- 6 month review – assessing, reflecting and fine tuning
- End of program: your business should be profitable, and you will have a better understanding of the process and its drivers.
