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How to Improve your Business Efficiency Ratio

I found this on Wikipedia. Don’t ask me how I got there only my Browser history can tell me how I started on one topic and ended up there.

So for those that didn’t read the Wikipedia page, your efficiency ratio is your expenses/revenue ratio. The higher the ratio the heather the business.

There are two ways you can improve your ratio,

1) Increase Revenues – the easy way is to service more customers – make sure your process of servicing customer is efficient.

2) Decrease Expenses – the easiest way is to make sure your expenses are as low as they can be. Maybe you need to look at where money is being wasted, where the business is inefficient.

At Ocom we can assist you to build an efficient business. Give is a call on 1800 626 676 and ask one of our friendly staff how we can help?