Short conversational excerpt from a YouTube interview about running JS Davison. Speakers emphasize that accurate financial figures and profitability (not just turnover) are essential to maintain and reinvest in the business. A follow-up question asks how the 2023 spike in electricity prices affected JS Davison’s operations and what actions were taken.
It was a bit of a sense check moment. I never thought a business would be run by figures and I preached to my managers, figures run a business. You know, you need the figures to be correct to be able to maintain the business. And that was what he's taught me through time. It's great having a P and L and a nice turnover, but you need the profitability coming in to reinvest in the business and everything else. And. And that's what we've been doing for the past couple of years.
So, on the numbers, 20, 23, electricity prices go through the roof. How does that impact the operations at JS Davison and what actions did you take?
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