How do I identify and communicate effective targets to my staff?

Communicating effective targets to your staff helps everyone work towards your 'happy day'!

Identifying and communicating effective targets to your staff is the key to making the profit that you want in your business. Accountants often talk about a ‘break-even point’, something I call your ‘happy day’. This is the day of the month when you know that for the rest of the month, you are making a profit. You have earned enough to cover all your costs and you are past the ‘break-even point’. That’s why I call it your ‘happy day’.

By working out when your ‘happy day’ is, how much you need to earn to break-even and then blast into profit, you will be able to effectively identify and communicate targets to your staff allowing you to make the profit that you want in your business.

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