boosting the bottom line - profit as sanity

Cutting costs- boosting the bottom line

Last week a crisitunity- a crisis which turned into an opportunity- occured in my life.

As part of my work with the friendly learning company I teach dance (as well as running the company day to day). I have group and one to one clients who wish to learn dance, music skills and languages. One of my private clients asked for Breakdancing lessons- on a Sunday.

My suppliers, the gyms, weren't open Sunday. So I looked elsewhere. Having spoken to gyms in the past I'd found out the going rate. However, as we were only a duo, and it was a sunday, there was a special rate (less than half my normal rates!!).

I'm meeting them tomorrow to talk over the financial impact this will have on my business, and to see if I can move all my current group and one to one sessions to their gym. They win my custom, and I win their cheaper rates. Win-win!

The client pays the same, but the bottom line is boosted. So doesn't matter what I'm charging the customer, as that stays the same. It's the deal with your suppliers that matter greatly in boosting the bottom line. So don't think big as money is coming in, suppliers need paying as well. Think big when you've got deals twice as good as you had last week and your profit has been significantly improved.

Good luck..