Return on Investment
The importance for your business on focusing on return on investment is key for success and growth. ROI is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio.
The return on investment formula:
ROI = Benefits of Investment – Cost of Investment
Cost of Investment
Coaching can be used to ensure that projects are evaluated throughout their life span and that managers are focusing in on the key objectives. A successful project is only achieved by supporting the teams involved and maintaining a focus on the objectives required to achieve results.
At Achieve we can help you to keep a clear vision of the project enabling you and your team to achieve the results, and more, that you set out to gain.
We will work with you to understand your projects and the costing implications. For some projects, such as increased sales turnover, figures are readily available however, many projects include intangible benefits. These may involve targets such as increased customer satisfaction, improved team work, increased confidence and improved communication, which can be difficult to attribute costs to as well as being subjective and hard to accurately measure. By looking at the cost of solutions and evaluating and analysing relevant areas such as quality, operational timings, management involvement and customer satisfaction we can develop together accurate and future benefitting ROI figures that can take your business to the next level.