Leverage our template to facilitate productivity dialog with your team
During these times of challenging supply chain and labor issues, business owners and CEOs have to find ways to do more with less. In addition, every owner and CEO should constantly monitor gross margins of the business and look for continuous improvement opportunities to drive them up. A key question to ask yourself is what steps could my team take to increase the productivity within our company to drive up our gross margin?
Every business is filled with processes that require the application of labor. We have processes for selling our products or services and we have processes for how we deliver on those products or services. Any steps we can take to increase the efficiency and productivity of these processes could have positive impact on our company margin and ultimately the bottom line.
Having a discussion about productivity with your team starts by asking the right questions. We offer here a template to help you facilitate such a dialog with your team (Productivity template) Ask new questions about the productivity of your processes and potentially identify improvements that could help build your company bottom line and go directly to supporting you one day in commanding a higher exit valuation when the day comes you want to sell your company.
