"However beautiful the strategy, you should occasionally look at the results."
The LOFT Studio specialises in crafting tailored operational strategies to improve commercial performance, increase team member retention, implement new products or services and increase consumer awareness.
We also work with businesses to create, analyse and implement growth strategies. Whether it be introducing a new brand, expanding to include international export or representation, adding additional facilities (multi-site management) or taking an existing business to a whole new level.
We work with businesses of all sizes and pride ourselves on our collaboration process and the partnerships we establish. Every business is unique and as such every strategy requires an individual approach and specific tailoring to ensure it is relevant, sustainable and effective.
We have a selection of the most common ones we get asked for, however if there is something specific you are looking for and can’t find it below, just drop us a note and we will contact you to chat further and see if we can help.
Business Performance Strategy
Do you know that your business could be performing better but not quite sure what the problem is or where to start? The financial performance of established businesses can often change without notice and without any significant changes to what you are offering or the way you are operating. This is often a result of changes in the market and how consumer is spending but it can also be the result of a lack of insight into performance. We provide a comprehensive review of the business from all aspects, highlight missed opportunities and areas for growth. We also assist in establishing performance targets based on capacity, opportunity and industry benchmarks. This is by far our most popular strategy session, which is in part, due to the fact that the results can make such a huge difference in how a business is performing.
Retention and recruitment of high quality talent is a struggle for most businesses, but none more than those in the spa and beauty sector. With an industry wide shortage of qualified talent, it is now more important than ever to attract and retain a high performance team. We work with businesses to analyse and review current systems, processes and productivity. We can then help to develop an effective and robust strategy around people including everything from onboarding new team members, recruitment and retention, performance management, productivity analysis, employee engagement, rewards, recognition and incentives.
If you are looking to substantially grow your current business, take your brand to a multi-site offering or export internationally we can support you. We work with many brands and operators to assist their growth by ensuring all the appropriate business foundations are in place to facilitate successful growth and market leverage. This includes everything from product offering, market relevance, pricing strategy, brand awareness, marketing and digital footprint as well as all commercial performance metrics.
There are two different types of exit strategies – maybe you are looking to sell your business and exit completely or perhaps you are still working in your business and are just looking to transition from being so operational. We support business owners in both situations as it is critical that you have a plan in either scenario. A business owner is always the highest revenue generator of any business so if you are looking to transition out of working in the business, you will need to ensure you have the right systems and processes in place to ensure the revenue doesn’t significantly drop the minute you step out. If you are thinking about selling then you need to make sure you build and protect the value of the business to get the best result for yourself. Having exit strategies is smart business and delivers effective outcomes.