today’s bissett bullet: “are you maximizing your profitability?”
by martin bissett
are you doing everything you can to leverage your profitability? outsourcing what has been described as “sausage factory work” such as annual returns has become mainstream in recent years, so in order to remain competitive without compromising your bottom line, it is important to make sure that you minimize the labor intensity of the work you carry out, where possible.
if that is not to be achieved by outsourcing low-fee labor, could you embrace practice technology to improve your efficiencies, instead?
today’s to-do:
where are you reducing labor intensity in your firm? what takes up the most of your time that could be delegated to a junior team member, expedited with investment in new technology or outsourced altogether? identify three ways in which you could increase profitability over the next 12 months.
see more bissett bullets here
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