GrandBrands: The Definition of Winning is Winning!
A return to profitability
All in the Family Strategy
Interactive Meeting Guide & Decision Tracker
🚀 Introduction: On the Road to Profitability
During the "Definition of Winning is Losing" period, GrandBrands made a deliberate decision to focus on a high performance culture and Maslow's hierarchy of needs, without primary concern for profitability. This era has served its purpose, and it is now time for that period to definitively end. Our focus is shifting back to sustainable and robust profitability across all facets of our business.
As we navigate the "All in the Family Strategy" roadmap, we will engage in deep and critical discussions about areas of our business that directly or indirectly impact our financial health. Specifically, we must address and optimize the following four critical areas:
- 1- Margin: Enhancing our product and service margins to ensure healthy revenue streams.
- 2- Compensation: Reviewing and refining compensation structures to align with profitability goals and incentivize efficiency.
- 3- In-house Finance Interest Rates: Optimizing our internal financing offerings to contribute positively to our bottom line.
- 4- Marketing Costs: Streamlining and maximizing the return on investment for all marketing expenditures.
As we make decisions about the strategies we are going to deploy within each section of this guide, we must always make profitability our first consideration. Every choice should be evaluated through the lens of how it contributes to our overall financial success.
Acknowledgement & Go-Forward Notes
🏢 Business Model Strategy
Decision & Implementation Notes
📢 Promotional Strategy
Decision & Implementation Notes
🏷️ Tag Strategy
Decision & Implementation Notes
💰 Financing Strategy
⚠️ Priority Issue
The current 9.99% for everyone on our in-house product is costing the company 100's of 1000's of dollars and must be evaluated in this phase.
Decision & Implementation Notes
💼 Compensation Strategy
⚠️ Priority Issue
Address current overcompensation issues as part of this strategy implementation.
⚠️ Priority Issue
Acknowledging our inability to achieve team selection makes changes to the compensation system "risky" as there is always potential for departures anytime there are changes to an employees pay.
Decision & Implementation Notes
📈 Marketing Strategy
⚠️ Priority Issue
Our lack of marketing over the last 5 years has greatly weakened our understanding of how to get a return on investment. Marketing spend can quickly become one of the top 3 expenses a company can have, only behind payroll and cost of goods. Spending at that scale with no return can derail every other improvement we make.
Decision & Implementation Notes
📊 Decision Summary
Introduction
No decision recorded
Business Model
No decision recorded
Promotional Strategy
No decision recorded
Tag Strategy
No decision recorded
Financing Strategy
No decision recorded
Compensation
No decision recorded
Marketing
No decision recorded
Merchandise
No decision recorded