Profit and Not-For-Profit Have The Same Strategy Needs
Profit and not-for profit enterprises have different types of goals
Share the need to focus on the same Levers to achieve those goals
Among those Levers that have to be pulled to a greater or lesser degree are:
.. the need to generate revenue
..the need to manage the variable costs of delivering a service
..overhead costs and
..some profitability goal
Profit Savvy is all about manipulating those Levers to maximise your chances of reaching your goals
All Enterprises are Focused on Profit; Just in Different Ways
For-profit businesses often aim for profit but understand that it may have to be sacrificed in the short term to grow.
Local government doesn't aim to make a profit much greater than zero but it certainly doesn't want a profit of less than zero - a loss.
Public sector enterprises may have a guaranteed revenue stream from the government but have a profit goal to at least breakeven. Delivery and overhead costs have to be managed with that in mind.
Not-for-Profit organisations may be focused on raising as much revenue as possible to fund their causes.
Or they may have a revenue stream and be focused on maximum reach to their target group.
But, usually, all the while making sure they don't make a loss.
No matter what your enterprise type, you need the Strategy Planning and Execution Tools Profit Savvy brings.