What is the most important element of profit structuring?
The process begins by developing a strategic plan designed to increase your chances of success, not simply reducing the likelihood of failure. The plan must identify the business’ competitive advantage, dictate the direction of the company and provide a system to monitor profitability that is flexible enough to grow into the future. How should a company be organizationally structured to maximize profitability? A functional organizational structure is grounded in three categories common to all businesses: sales, operations and administration. Sales is included because, without revenue, a business will fail. Operations is included because the business must perform what is promised when it is promised. Administration is included because a business must have the ability to track key variables, and measure the success or failure of plans, activities and the people involved. You must measure it in order to manage it. What is the best method of controlling cost? The business owner must create