It Is Important To Measure A Few KPIs In Each Of 4 Categories: Employees, Customers, Processes, And Revenue.

How to a company's increase operating profits?

Increasing a company's operating profits can be achieved through several strategies focused on boosting revenue and controlling costs.

1. Increase Revenue

- Expand Sales Channels: Use online platforms, retail, wholesale, and partnerships.

- Enhance Marketing: Implement targeted campaigns via digital marketing, social media, and SEO.

- Diversify Offerings: Introduce complementary products or services.

- Improve Customer Service: Ensure high-quality service to encourage repeat business.

- Optimize Pricing: Find a balance between competitive pricing and profit margins.

2. Control Costs

- Reduce Operating Expenses: Cut unnecessary spending and negotiate better supplier terms.

- Optimize Inventory: Implement just-in-time practices to reduce holding costs.

- Increase Efficiency: Invest in technology and streamline operations with automation and lean management.

- Outsource Non-Core Functions: Reduce overhead by outsourcing.

3. Improve Profit Margins

- Increase Efficiency: Enhance processes to reduce waste and improve productivity.

- Enhance Product Quality: Focus on quality to reduce returns and increase customer satisfaction.

- Negotiate with Suppliers: Get better terms for materials and services.

4. Financial Management

- Manage Debt: Ensure interest payments don’t erode profits; consider refinancing high-interest debt.

- Manage Cash Flow: Effectively manage receivables and payables to maintain healthy cash flow.

5. Employee Productivity

- Invest in Training: Provide continuous training to boost efficiency.

- Offer Incentives: Align employee goals with company performance through bonuses and profit-sharing.

6. Innovation and R&D

- Invest in R&D: Innovate to stay competitive and command higher prices.

- Adopt New Technologies: Use the latest tech to streamline operations and reduce costs.

7. Strategic Partnerships

- Form Alliances: Partner with other businesses to access new markets and share resources.

- Enter Joint Ventures: Share risks and capitalize on new opportunities through joint ventures.

Regularly review financials, monitor KPIs, and stay agile to adapt to market changes for sustained profit growth.

Cost management allows more efficient use of existing resources in the form of people, materials and machines. Thus, it helps in the development of development and expansion plans.

#holdingcompany #businessminded #businessquotes #businesssuccess  #businessman #businesstip #businessideas #womeninbusiness #businessmarketing #businessconsulting #businesspassion #socialmedia #businessopportunity #businesslife #strategy #businesses #growth #businessmentor #businessmotivation #entrepreneurs #creditrepair #coaching #businessplanning #networking #businessonline #consulting #contentmarketing #businessmanagement #businessconsultants #businessstartup #marketingtips #KhalidAlbeshri #pivot

Internet Of Things IN REAL ESTATE:

Internet of Things (IoT) smart devices can do more than just monitor the physical environment of a building; they can also help monitor activity and protect from unauthorized usage. For example, IoT sensors are used in various systems within buildings to track water pressure and electricity usage. You’ll know if something needs maintenance if any of the indicators are off the charts. In the coming years, IoT devices will also become increasingly intertwined with other aspects of real estate management. For example, this real estate technology can be used to:

1. Help regulate heating and cooling systems to save energy and reduce costs for property owners;

2. Connect with smart locks, so you can control access remotely or based on specific conditions;

3. Enable agents to provide a more personalized and seamless experience;

4. Monitor customer activity on the property so that agents can respond to any inquiries quickly and efficiently;

5. Send automated notifications about maintenance issues or late payments.

All in all, IoT devices are set to revolutionize the real estate market in the coming years. By leveraging this powerful technology, real estate agents can provide a more tailored and efficient service to their clients. This could potentially increase customer satisfaction and loyalty.

Example

CBRE uses IoT sensors—they collect data about building performance, like energy usage—to improve building management and optimize operations. In one case, using such sensors allowed the service to identify HVAC system issues and cut energy costs by 20%. CBRE is also helping Shell reach its goal of reducing 20% greenhouse gas emissions by 2035, thanks to IoT.

#KhalidAlbeshri #pivot #Holdingcompany #CEO #Realestate #realestatedevelopment #contentmarketing #businessmanagement #businessconsultants #businessstartup #marketingtips #خالدالبشري

These are popular applications in real estate industry

Zillow: A widely used platform for buying, selling, and renting properties. It provides a vast database of real estate listings, home values, and neighborhood information.

Realtor.com: Similar to Zillow, Realtor.com is another major platform for real estate listings, property details, and market trends.

Redfin: A real estate brokerage that combines online technology with traditional agent services. It offers a map-based search and provides insights into home values and market trends.

Trulia: Owned by Zillow Group, Trulia focuses on providing information about neighborhoods, schools, and amenities in addition to real estate listings.

LoopNet: A commercial real estate marketplace connecting buyers, sellers, and tenants in the commercial property sector.

Matterport: Known for its 3D virtual tour technology, Matterport enables real estate professionals to create immersive and interactive property walkthroughs.

Dotloop: An online platform for real estate transactions, Dotloop facilitates electronic signatures on documents and collaboration between agents, clients, and other stakeholders.

RentCafe: This platform offers tools for property managers and landlords to manage rental properties, including online rent payments and tenant communication.

DocuSign: Widely used for electronic signatures, DocuSign is a key tool in the real estate industry for streamlining document workflows and transactions.

Buildout: A marketing software for commercial real estate professionals, helping them create and publish property listings and manage their marketing efforts.

#KhalidAlbeshri #pivot #Holdingcompany #CEO #Realestate #realestatedevelopment #middleeast #gulfcountries #contentmarketing #businessmanagement #businessconsultants #businessstartup #marketingtips #خالدالبشري

One Direction: listen we love eachother and our fans but we were overworked and exhausted and we just cant put ourselves through that again..

Fans: nah don’t worry about it! we do miss 1D but we don’t actually want you guys back together for a long time if at all... your health is more important and we’re really enjoying seeing you all do your own thing

Every Interviewer Ever: WhEN iS 1d GeTtINg bACk tOgEtHeR?!?!?!

Learn Power BI Advance- Abstract Thesis Part 54: Concatenate Label off

Revenue is vanity. Profit is sanity. Cash flow is king.

Unknown (via quotes-by-dilanka)

Derek McGrath

What Professional Development Assistance Do You Wish You Had?

This is a loaded question, and I’m interested in what answers it garners.

This is a loaded question, and I’m interested in what answers it garners.

I have 14 years of experience in both teaching in and administrative support in departments and programs in languages, literature, and the humanities. Since beginning my PhD, and even going back further to beginning my honors college education, I have tried to take up any opportunity I could to learn more about developing my skills in teaching, research, and publishing.

I’ve been fortunate to learn from presenting at and organizing conferences. (And I’ve enjoyed getting to share some of that advice here, such as on how to find conventions, how to submit to the call for papers, how to give the presentation, even how to pack and travel for the conference.)

And I’m continuing to improve upon syllabi for past and upcoming courses.

I also have valued the experiences I have had to foster more inclusive learning and working environments, including volunteering as a test proxy and notetaker for my university’s office for students with disabilities and completing a safe spaces program to support LGBTQ+ students and coworkers.

But part of that professional development in languages, literature, and the humanities depends on being aware of gaps in my expertise.

It is impossible for me to list every last bit of professional development that is necessary, especially as what is necessary varies: what skills and experiences you already bring to your scholarship, what your personal and professional goals are, what responsibilities are included in your job (and how that varies by discipline, location, and employer expectations), and what we continue to learn that alters how we prioritize the numerous skill-building endeavors we can take on.

Listing everything is impossible. We are fortunate there are so many other people out there who are willing to share how they improve at what needs to be done as a scholar. (This recently shared post on how to organize a literary review is very helpful.) And as I just said, what I prioritized in the past for my professional development is not the same as what I prioritize now, not only because, I hope, I have gotten enough of a handle on some of those skills to put them on the back-burner as I focus on other priorities, but also because, as time goes on, we recognize priorities we should have re-organized to better confront systematic barriers in education and society at large, many I overlooked until confronted by realities I was ignoring.

Therefore, I have two goals for this post.

First, I want to list three areas of professional development that I wish I had pursued earlier.

And second, I want to open this post to any feedback about what professional development you wish you had.

If you are advanced in your career, maybe it’s something you wish you had had in your undergraduate or graduate studies. If you are continuing your education, maybe it’s something you wish was offered right now. Or it could be something offered right now (by your department or program, or through HR at your institution, or available through an academic organization) that you have yet to pursue, or something flat-out missing at your institution.

I’m interested in any feedback received to get a sense of what people teaching, researching, and learning in languages, literature, and the humanities are seeking for their ongoing development in this profession.

Accessibility in Research, Learning, and Teaching

I have worked with colleagues with disabilities, and I have taught students with disabilities. But much of what I have learned as best practices to continue to improve accessibility in my classes has been by taking my own initiative. I cannot remember ever receiving outreach by a department or supervisor about improving upon accessibility in course content or workplace items, such as making texts OCR, adding subtitles to videos, adding alt-text to images, or making sure to describe aloud what appears in any slides I include in a PowerPoint presentation. Outside of my undergraduate experience, where I volunteer for my university’s office for students with disabilities, I cannot remember significant outreach or coordination by the colleges where I have learned, taught, and worked at and their own offices for accessibility and students with disabilities.

Navigating Regional Differences between Institutions

What goes into teaching in one part of the United States differs from another part of the United States, or elsewhere in the world. I know that sounds obvious, but it’s a point I haven’t appreciated enough when navigating differences between teaching in the South Florida, Long Island, New York City, and Western New York communities. Laws protecting union organizing and labor rights vary considerably.

Regions also have different rules regarding minimum requirements for teaching, not just at the college level but should graduate students want to teach K-12 classes while completing their degrees.

(Speaking of which, preparing graduate students for potential adjunct instruction while they are completing their PhDs would also be super: I had to learn the hard way that, upon entering my PhD program without a master’s degree, I had compromised my ability to seek additional teaching opportunities. As I did not have a master’s, I could not be hired for some teaching positions in writing and literature, and unlike other graduate departments, mine did not reward a master’s degree upon completion of the pre-dissertation qualifying exams.)

Furthermore, each region has its own expectations for its teachers, especially when addressing the demographics of its students in terms of their backgrounds, experiences, and post-course goals, such as finishing their degree, transitioning from an associate’s to a bachelor’s degree, and pursuing their personal and professional goals in further education and the workforce.

Teaching as Adjunct and Contingent Faculty

And to wrap this up by circling back to adjunct instruction, I wish during my grad student years that I had pursued more opportunities to attend university legislative meetings and adjunct/contingent faculty support group meetings, as well as engage more with adjunct and contingent faculty, to better understand the substantial changes when leaving graduate student teaching, graduating, and working in adjunct teaching. I think that earlier engagement would have lessened the shock of transitioning into adjunct teaching, including how best to protect time for myself, my office hours, my grading, my research, and my students and my service commitments. All of that also would benefit how much I think I can tackle in a class, in terms of the assignments offered, the time students need to commit to the assignments in class and for homework and that I need to commit to grading and follow-up with students, and designing a class that focuses on a core set of skills without making the course bloated with too much content and too many goals to address.

Five pillars to effectively manage a Teamwork

1. Communication:

Clear and Open Communication: Establish clear lines of communication and encourage team members to express their thoughts and ideas openly. Foster an environment where everyone feels comfortable sharing their perspectives. Active Listening: Ensure that team members actively listen to each other. This involves paying attention, asking clarifying questions, and showing empathy to fully understand each other's viewpoints.

2. Collaboration:

Team Goals: Clearly define the team's goals and objectives. Ensure that every team member understands their role in achieving these goals and how their work contributes to the overall success of the team. Interdisciplinary Collaboration: Encourage collaboration across different roles and skill sets. This helps to leverage the diverse strengths of team members and promotes a more holistic approach to problem-solving.

3. Organization:

Task Allocation: Clearly assign tasks and responsibilities based on each team member's strengths and expertise. Ensure that everyone knows what is expected of them and that tasks are distributed evenly. Project Planning: Develop a well-organized plan for the project, including timelines, milestones, and deadlines. Regularly review and adjust the plan as needed to stay on track.

4. Accountability:

Individual Responsibility: Hold each team member accountable for their assigned tasks and deliverables. Foster a sense of personal responsibility for the success of the team. Feedback and Evaluation: Provide constructive feedback on individual and team performance. Regularly evaluate progress and identify areas for improvement.

5. Adaptability:

Flexibility: Recognize that projects and situations can change, and be prepared to adapt accordingly. Encourage a flexible mindset among team members to navigate unexpected challenges. Continuous Improvement: Foster a culture of continuous improvement. Encourage team members to reflect on their experiences, learn from mistakes, and find ways to enhance teamwork and productivity.

#KhalidAlbeshri #pivot #Holdingcompany #CEO #Realestate #realestatedevelopment #middleeast #gulfcountries #contentmarketing #businessmanagement #businessconsultants #businessstartup #marketingtips #خالدالبشري