Power of 1%

POS SOFTWARE

Increase by 1%

Peter Abeles one of Australia's greatest businessmen in his book talked about how just 1% difference could make a huge difference to a business. What he recommended was looking at significant factors in a business and trying to change them by 1%. 

Of course, nothing can look at a business better or faster than a computer.

Now here might be an example of how looking at your business reports can help in a cafe doing $600,000 turnover. So we are $6,000 ahead every year.

Say you could increase your basket size by 1%, that is $6,000 sale increase. So we are $12,000 ahead.

Say you could reduce not charging people, always a big problem in a cafe in my experience. People order goods and someone forgot to charge them, maybe a 1% increase in sales or $6,000. So we are $18,000 ahead.

Say you could speed up your orders by 1%, people in cafes rarely like to wait in a queue. Even if only 50% of that produced an extra in sales, that is another $3,000 sale increase. So we are $21,000 ahead.

Say you could with your point of sale systems VIP club get 1% more in sales, that is another $6,000 sale increase. So we are $27,000 ahead.

Say you could increase your prices by 1% by encouraging better products to be sold, that is another $6,000 sale increase

It is all adding up fast.

Etc 

Just imagine in your business if you can get a 1% improvement.

 

 

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