Are you putting your resources to work in the most effective and efficient way possible?
A relatively simple question, but unpacking it can lead you to some valuable insights. One of the ways you can try to answer that question is by finding your business’ own “Profit per X,” a measurement of which single variable can have the biggest impact on your bottom line.
While helping Korth Group fill out their One-Page Strategic Plan, I proposed that their profit per X was warehouse space. That is, what is their current profit per square inch of their warehouse?
And what followed was a long discussion that can make them millions of dollars because of the ways that question made them think about the best way to increase that number.
The quality of your life is based on the quality of the questions you ask.