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Hints and Tips | Inefficiency


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Inefficiency

Are you being as efficient as you can be? This question is especially important if you are using a low-price strategy to gain competitive advantage.


It’s important to look at each of your costs – such as labour, material and overhead – and benchmark them against norms in your industry. If your costs are above average, it means you’re not as efficient as your competitors and action is required. For industry benchmark data, consult Industry Canada’s SME Benchmarking Tool (www.sme.ic.gc.ca).




Upcoming Events show all
Date Event Name Region

2018/06/25 BOLD VISION FREDERICTON Southwest

2018/06/26 BOLD VISION MONCTON Southeast

"I would like to thank you for picking Ben's Clothing for the retail consulting makeover.  I very much enjoyed talking to Barbara.  She has wonderful insites on what to do to refresh my store.  I was extremly excited of the ideas put together thats in my budget for now and also in the near future.
 
The 1st part of the seminar, had opened my eyes to the reality of my challenges and concerns, statistics, operating cost and marketing which is a huge part that can not be ignored. It's a must to have a list of issues to know it and control it.  This is a large part of my battles that I face but placed them in the back burner. 
 
When Barbara came into my store I wasn't sure what to expect because in the seminar she was leaning towards makeovers for a new store or toronto style store.  I had no idea that a little bit of paint in a different color will bring out what I want to promote.  She had alot of new ideas that are in the budget and I'm going to make it happen!
 
Thank you again for filling me in with the seminars that are offered.  I'm always willing to get informed and always moving forward."

- Hazel McLean


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