{"id":13315,"date":"2017-07-27T06:00:20","date_gmt":"2017-07-27T13:00:20","guid":{"rendered":"http:\/\/localhost\/premierfoodsafety_OLD\/?p=13315"},"modified":"2017-07-27T06:00:20","modified_gmt":"2017-07-27T13:00:20","slug":"is-efficiency-a-better-indication-of-success-than-sales","status":"publish","type":"post","link":"https:\/\/premierfoodsafety.com\/blog\/is-efficiency-a-better-indication-of-success-than-sales\/","title":{"rendered":"Is Efficiency a Better Indication of Success Than Sales?"},"content":{"rendered":"<div class=\"richsummary\">\n<p id=\"abstract\">While most assume a high number of sales is the key to a successful business, efficiency has far more to do with a company&#8217;s longevity. While sales may be high, if a company has to put out a large sum to cover labor and wage, brick and mortar upkeep, or equipment maintenance, the amount left over may not be great enough to keep the business a float. Efficiency can be measured by the amount of money left over from sales after all the overhead is paid.<\/p>\n<p id=\"takeawayheader\">Key Takeaways:<\/p>\n<ul id=\"takeaways\">\n<li id=\"takeaway1\">Efficiency is a mathematical equation that measures output (sales) and input (costs) to determine the bang for the buck.<\/li>\n<li id=\"takeaway2\">You have to mind the overall efficiency in the design of the full-service concept to maximize the likelihood of success.<\/li>\n<li id=\"takeaway3\">As you complete this evaluation, make sure that it is done in an objective and quantifiable way<\/li>\n<\/ul>\n<p id=\"quote\">&#8220;The more output and the fewer the inputs, the more efficient the concept is in terms of efficiency of dollars, which is the most important measure of efficiency.&#8221;<\/p>\n<p><span id=\"readmoretext\">Read more: <\/span><a id=\"source\" target=\"_blank\" href=\"https:\/\/www.foodnewsfeed.com\/fsr\/vendor-bylines\/efficiency-better-indication-success-sales\" rel=\"noopener\">https:\/\/www.foodnewsfeed.com\/fsr\/vendor-bylines\/efficiency-better-indication-success-sales<\/a><\/p>\n<\/div>\n<div id=\"task_trail\" style=\"display:none\">(abstract 3E22YV8GG16X2C0X9VQ202LCGQ0NPT 3VW04L3ZLT69AZELNUSUG1UXKM3XX3 A28AHRUQLLDJSR)(authorquote 3WA2XVDZEMHLY05F10OA4F0M7TB6EJ 3JBT3HLQF82T6LC92L6YJ9O5QN0PZC A166A2M31CW2C7)(keypoints 3ODOP6T3ASKFOXPLPS0U5G7JEZG42V 39LOEL67OS57F06ZVX9ETMO0MJ838I A1E5J6R70RF4LA)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While most assume a high number of sales is the key to a successful business, efficiency has far more to do with a company&#8217;s longevity. While sales may be high, if a company has to put out a large sum to cover labor and wage, brick and mortar upkeep, or equipment maintenance, the amount left [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8127,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"_links":{"self":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts\/13315"}],"collection":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/comments?post=13315"}],"version-history":[{"count":0,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts\/13315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/media\/8127"}],"wp:attachment":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/media?parent=13315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/categories?post=13315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/tags?post=13315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}