New Book Reveals How to Double Profits Even In Tough Times

KnowWare International Inc. announces the publication of a new book: Double Your Profits – Plug the Leaks in Your Cash Flow. While most companies spend a lot of money trying to increase sales, few invest in systematically eliminating the delay, defects and deviation that devour profits. Most profitable companies waste 25-40% of their revenues fixing problems in their product or service. This “Fix-it Factory” causes tremendous leaks in a company’s cash flow. With the application of a “plug the leaks” mindset and a few key tools, managers can reduce these costs to as little as 5% in two years or less. For the last 20 years, Jay Arthur has worked with companies large and small in industries as diverse as healthcare, manufacturing and telephone to find and fix the root causes of lost profits. While trained in Total Quality Management and Lean Six Sigma, Jay has found that there’s a certain mindset required to find and plug the leaks in cash flow. And he’s found that a handful of tools will solve 90% of most problems. Tools as simple as Post-it™ Notes can help reduce response and turnaround times by 95%.
What are the three main leaks in a company’s cash flow? 1. Lazy Product Syndrome – too slow   2. Crappy Product Syndrome – too many defects 3.  Wacky Product Syndrome – too much deviation   
The 3-57 Rule:  Jay has found that while employees are busy, the product or service is lazy. I It’s only worked on 3 minutes out of every 60. The other 57 minutes, the product is lounging around waiting for the next step in its journey. Trying to make employees faster only affects the 3 minutes out of every hour.
The secret is to make your product faster. Faster products cost less than slow ones and have up to 50% fewer defects, which can boost profit margins by 20% or more.
The 4-50 Rule:  Jay also found that problems aren’t spread over a company like butter over toast; the most impactful problems are located in as little one step out of every 20 (4%). Narrowing an improvement’s focus to these key steps can eliminate over 50% of the defects and deviation that consume profits. Leveraging his insights from successfully applying Lean Six Sigma, Jay has eliminated the jargon to clarify the mindset, methods and tools necessary to dramatically reduce costs and boost profits by plugging the leaks in cash flow. For more information and pricing go to www.qimacros.com.


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KnowWare Intl Inc sells the QI Macros SPC Software for Excel which draws pareto charts, control charts, histograms, box and whisker plots and more. Also includes over 70 fill in the blank templates including QFD, GageR&R, DOE, PPAP and FMEA. More information can be found at our website: www.qimacros.com.

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