Ted Fick has been orchestrating multimillion-dollar
transformations throughout his career, providing organizations the decisive,
visionary leadership needed to build high-performance teams, achieve dramatic
growth and implement the operational excellence.
And one of Ted Fick’s most notable leadership strengths, and a
key to much of his success has been his uncanny ability to optimize company
profitability—something he’s accomplished as chief executive at such firms as
Polar Corporation, Port of Seattle and more.
Optimizing Your Company’s Profitability
An accomplished senior executive, Fick knows that optimizing
company profitability—no matter your size or industry—generally begins by:
· Analyzing and adjusting your operational costs.
Identifying areas where expenses can be cut back or even eliminated, such as
with overhead, can help improve your expense-to-revenue ratio.
· Evaluating your prices. Regular review of your
cost structure helps you determine if the markup on your products is
sufficient—particularly with rising costs of raw materials, labor, etc.
