If you're interested to learn more about Incentives Management Group, please visit: https://www.the-imgroup.com/
This video is presenting Incentives Management Group valuable information but also try to cover the following subject:
-Helping Corporations
-Lower Cost and Increase ROI
-What causes ROI to increase?
-Increase ROI
Depending on what type of return you’re seeking on an investment you make in your business, there are different ways to improve your ROI. Returns can include increased profits, reduced expenses, or intangible benefits such as improved operating efficiencies or increased brand awareness. Clearly defining your goals and setting as many quantifiable benchmarks as possible will help you increase the payback on the different initiatives you take to improve your company.
The first step in improving your return on investment is to clearly define the potential return or returns you might get from your investment. These can include higher sales, increased revenues, bigger profits, reduced overhead or production costs, higher employee retention, better customer satisfaction, increased brand preference, or fewer government regulations. If possible, set multiple benchmarks for your return goals. For example, instead of setting increased sales as a goal, set increased sales during a specific month, in a particular territory, using a specific sales rep or from a particular distribution channel as a goal.
One way to increase your return on investments is to generate more sales and revenues or raise your prices. If you can increase sales and revenues without increasing your costs, or only increase your costs enough to still provide a net gain in profits, you’ve improved your return. If you can raise your prices without decreasing your sales enough to erode profits, you’ve improved your return. Using the calculation of your current return, look at ways to improve your sales and revenues in ways that provide you with a greater profit than your current business practices.
Another way to improve your return is to reduce your expenses. You won’t have to increase your sales or raise your prices to improve the return on your investment this way. Divide your expenses into overhead and production costs to help you better find expense-reduction opportunities. Overhead costs are non-production expenses such as rent, insurance, and phones. Production costs are the expenses you incur to make one unit of your product, such as materials and labor.
The Incentives Management Group:
Incentives Management Group (IM Group) began in 1996 after American Standard Companies asked the original founder of the IM Group to lead a series of acquisitions and government incentive negotiations associated with a major site expansion in Florida.
Since then, our firm has secured over $300 million in the state, county, and local incentives for over 150 companies in thirty-eight states. Our current work ranges in size from small-scale single-initiative single-state training grants to complex bond financing arrangements and multi-state capital projects.
Through all of this, Incentives Management Group has become a recognized leader in incentives negotiation and management, helping companies achieve the ROI required to move projects forward.
Incentives Management Group is a leader in the state, county, and local government communications, negotiation, and process management.
Our team of experts takes the complexity out of government structure, negotiations, contracts, and compliance. We build customized incentive strategies that maximize cost savings for investment in new equipment, facility updates and expansion, hiring initiatives, and workforce training.
Our comprehensive approach is designed to build a customized incentive solution focused on securing and realizing government support that fits your business. Our process is outlined below.
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