IT’S FALL-WHERE’S ALL THE GREEN GOING?

No, not the chlorophyll in the leaves, the green in your bottom line.

If you had a daily metric report in place, you would be able to answer that question.

What performance metrics do you want to monitor for your business unit on a continuous basis that are the most important and are very volatile for the achievement of operational and sales success? Also ask yourself what kind of precise micromanagement report you want, to whom should this report go to, and when and how often should this report be viewed when determining your businesses function and achievement ability.

On no more than a couple of 8½x11-inch pieces of paper, have a “snapshot” of the top five to ten critical statistical metrics that determine your business unit’s success available with comparisons for your daily morning review. If you do not have this report, you cannot be proactive in management. With a daily statistical data sheet/”house count”, you have the ability to spot trends, and thus, small corrections in the operations or sales can be initiated to neutralize the adverse effect of any negative component.

When you have daily statistical sheets that are simple, to the point, and full of the “most critical” metrics that you need, you can guide your business unit daily, which will lead to greater achievements of the business unit’s budget and stretch goals. Focus on managing your business unit today, so that today will be tomorrow and tomorrow will be your everything.


http://theprofitrepairman.com/

Will You Spend A Penny Today, To Save A Dollar Tomorrow?

Do You Have A Preventative Maintenance Program Installed In Your Business Like A Hotel Does?

Preventative maintenance, or P.M., as we call it in the hotel industry, is a must to help lower your replacement costs and prevent possible operations and sales breakdowns that can affect your bottom line.

What do I mean by P.M.? Well, in the hotel business it means some of the following actions: scheduled coil cleaning of the heating, ventilation, and air conditioning units; bed mattress turning/rotating; cleaning/removing the sediment within the bottom of the hot water tanks; winterizing the exposed piping; caulking tub surrounds; shampooing the carpet, etc. The pattern of P.M. is this: tighten the screws, bolts, and belts; oil the lubricated moving parts; clean out areas that accumulate debris; and check on the status of the normal wear and tear of an item, so there is a proactive approach in maintaining its continued life cycle and use. Let’s say a hotel never did any P.M.s on its air conditioners and a very hot temperature index weekend occurs. The air conditioning units have not had adequate P.M. and may only be running at 30% capacity due to dirty filters and the Freon not being recharged.

Will the hotel get complaints? Will it have to refund money, lose future business, increase their utility bill, and have bad “word of mouth” created? The answer to everything is yes, but preventative maintenance could have helped to avoid and minimize these above situations.

Preventative maintenance is not limited to mechanical items only. Do a P.M. on your human resources and the complete business unit as well. When was the last time you went around and made sure that all of the correct Occupational Safety and Health Administration, Department of Labor, and Equal Employment Opportunity Commission posters were in the right place and current? When was the last time that you made sure your locked storage area was secure and functional? The old saying, “An ounce of prevention can give you a lifetime of protection” is correct when it comes to installing P.M. in your business unit. By performing P.M. within your business unit(s), you are showing a proactive management style that can lead to lower cost structures through your expenses and growth of your top and bottom lines.



http://theprofitrepairman.com/