Leveraging efficiencies and employees for earnings

ATLANTA. Jerry Osteryoung, professor of finance at Florida State University and head of its Jim Moran Institute, stressed here in a speech at Waste Expo that cost controls and workforce productivity are keys to profitability. “Profitability is critical to your business, and it is not tied to revenues,” Osteryoung said. “The two are not connected. Maximizing revenues by itself does not generate profits--businesses need to realize that. “Let’s say you want to improve profits by $10,000. With a 5% profit margin, you need to generate $200,000 worth of sales to gain that $10,000. Or, you can cut your ...

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From the Print Issue

November 2009

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