We are on episode 10 of the 31 Day Courier MBA series. This is the third episode in our section on Operations - the nitty gritty of strategy and doing well. You can see a semi-transcript at DeliverOnYourBusiness.com. Here are show pages for previous episodes.
The Schedule: Episode Schedule for the 31 Day Courier MBA Series
Episode 1: Introducing the 31 Day Courier MBA - Mastering Your Business Attitude
Episode 2: Who Are You? Understanding the Independent Contractor relationship
Episode 3: Why Are You? Creating a Mission Statement
Episode 4: Where Are You? Understanding Your Market
Episode 5: Don't Put All Your Eggs In One Basket - The Importance of Diversification
Episode 6: Is it Enough? Creating an Hourly Goal For Your Delivery Business
Episode 7: Where do We Go From Here? Crafting an exit plan
Episode 8: How Are You Doing? Measuring Your Performance
Episode 9: Using the 40 Cent Rule to Guide Business Decisions
Episode 10: Choosing Equipment to Save Money and Increase Revenue
When I was in telecom, I learned a guideline that was great for our customers - that you should never invest in technology unless that technology helps you be more profitable or more competitive. We need to look at the tools that we use for our delivery business the same way: How will it help you be more profitable? How will it help you save money (and if you listen to Episode 9, you can see how we emphasize putting an actual value on your time.
In this episode we talk about a number of items that can make a difference in your profitability. We don't go into recommendations here. I'd love to get your feedback if you think a review would be useful. Some of the items you want to think about are:
Are there other items that might help? Items for convenience for the customer such as keeping a cooler for cold items? What other items would help you increase your efficiency or help you save money?
