26 September 2013 category: business administration & finance
There is a clear link between business efficiency and the level of profit.
The majority of businesses strive valiantly to make progress but very few reach anywhere near their full potential. If your organisation is not firing on all cylinders you will win less business and be less efficient. Therefore profits will be much lower than they should be.
After 2 years of recession, a large number of small businesses identified obstacles to success: