25. Why is it Important to Know Costs and Revenues of Your Virtual Branch
A virtual branch’s footprint will soon replace its more tangible counterpart in profitability.
Identifying how much your virtual and classic branches are costing you will help you determine where you should be allocating funds for infrastructure. Don’t ignore your virtual branch and the power it holds.
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09:49
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🤔 How important is your virtual business or branch? 00:53 📊 Dilemma in the business: Decreased branch activity or rise in online activity. 02:19 🌟 When your system shows what I’m talking about over and again: online customers represent significant cost savings. 04:11 📈 But people still use physical branches: how to get an accurate picture of activity breakdown and revenues? 05:39 👉 Overstating the profitability of all your physical branches: Defining your virtual organization's revenue is crucial. 07:27
Episode 25
