Have you got the pit crew & strategy in place to drive growth & profitability?
Taggart: “G’day; time for another Taggart tip.
Awesome — I’m here at the Norwell Motorplex and I’ve just
taken a hot lap with Craig Lowndes in a finely tuned v8 supercar.
At 7000rpm, 640 brake horsepower, and 298 kilometres an hour; the adrenaline is absolutely pumping.
I suddenly realize it’s not just about having the best driver in the competition. It’s as equally important to have the right pit crew and management team, to understand the vehicle data, the telemetry, and to choose a strategy that’s going to achieve peak performance
and the winning results.
That is exactly like a small business! So, here’s my tip of the day.
Take a look under the hood of your business; review the profit & loss and balance sheet monthly to really understand the numbers, make sure you surround yourself with a winning team (your business pit crew) and last but not least, design an action strategy that is going to drive you and drive your business towards achieving future growth and increased profitability.
That’s my tip for the day.”
Thank you tuning in to watch another of our Taggart Tips, a series of short video tips that can help you run, manage and grow your business. We hope you have found the information useful and we will have a new Taggart Tip out for you shortly. For any urgent concerns we encourage you to get in touch with the team at Taggart & Partners today.
*** Our series of Taggart Tips are intended for guidance purposes only, and professional advice should be obtained before acting on any information contained herein. Neither the publishers nor the distributors can accept any responsibility for loss occasioned to any person as a result of action taken or refrained from in consequence of the contents of this publication.
Updated 8 July 2020