If, say, our overall goal is to improve profit before tax, then someone in purchasing might learn that he or she can negotiate with one of our vendors to reduce the cost of a particular product we use regularly. Our salespeople might learn that they have to better understand the profit margins for each service, and then build a sales strategy that emphasizes higher-margin items. Delivery people might leave with the goal of reducing errors in shipping. Host quarterly learning events or workshops. These meetings might be led by your financial team, which can develop a series of courses such as Income Statement 101, Balance Sheet Basics, Cash Flow Forecasting, Fun with Ratios, How to Create a Budget from Scratch, and anything else you can dream up.
Workshops are a great way to gather everyone in a more social setting.
We bring in some food and try to create a fun, relaxed atmosphere. All rights reserved.