Business and Money Tips

As mentioned in our previous blog ("It's the Profit, stupid!") at here , from now onwards, we only do profit training, not just training. Profit training means what we taught in the course (be it sales, management or executive skills) will be related to the trainees' work.  The trainees will be given time to write a PAP (Profit Action Plan) on how they will apply at least one idea to their work.  They will also compute the increase in profits that application will give rise to.  From here, the profit increase will be compared to the course fee, and if that figure is negative, the trainee will be given extra tuition to write another application of the idea until the end figure is positive.  In short, this is real profit training determined during the class, not after the course.  Profit will come in 2 major ways: increase in sales and decrease in cost.  From here there will be hundreds of ways that one can design for his work.  Anyway our Trainer Coach will he

Talk about Productivity and many equate it to be 'better, faster and cheaper'.  Some think of getting new and advanced machines to replace manpower, others say productivity is about getting the government's Productivity and Innovation Credit (PIC) money to improve productivity.  (To read more on the latest curbs and abuse of PIC, click here ). Many trainers advocate training your staff while at Asia Trainers we opined that training bosses and managers are more important than training staff.  To the businessman, productivity is about E ver More with Ever Less.  This means getting more output with ever lesser input.  This must be the most apt definition and I shall use this in this article.  To have more output is easy, just lower your selling price and your sales would increase and you will have a quantum leap in productivity.  But without profit margins there is no productivity.  Thus the element of profit or residual value is important.   But how we distribute thi