Only IIDM Members can access this!

Not a member yet?

Existing member?

Become a member

Gain instant access to ALL the professional development resources on the IIDM website with a month-by-month or Annual membership. It's quick and easy.

Please login

Please login using your email and password. Login is always available in the top right-hand corner.

Forgot your password?

Click here to send an automated email reminder.

Not sure if you're a member?

Newsletter subscription does not include full access to the website. If you currently receive our newsletter and would like to access this section, you will need to Become an IIDM Member.

Username
Password
Remember Me

Remember my login in this browser

Submit Form

Read similar articles

The Value Of Getting Your Costing Right

Monday 22 August 2011

It's important to understand what all the costs associated with a product or service are, because you need to know that you're making a reasonable margin - ie. the difference between the sell price and cost price. Here's how to work it out.

Being 'Number One' Is No Safeguard

The fact is that no matter what business you are in you can be sure if it is highly profitable others will soon enter the market. Market saturation will inevitably occur and profits will be eroded to somewhere near bank interest rates. Consequently, if bank rates rise significantly the marginal players or those with excessive overheads will ultimately succumb.

Reaching Your Business Targets With KPIs

There is an old saying ‘If you aim at nothing, you will hit the target with amazing accuracy!’ We would all like a ‘silver bullet’ in our business that creates that wonderful profit we seek. The reality is that there isn’t one! There are lots of things that take up a business leader's attention in the effort to create a profitable and sustainable business. There are however a small number of key things that can have a big impact on any business’s bottom line.