I'm left wondering _what then_ caused so much of the profits to dwindle. This article is a bit too abstract for me to extract any value.
Yet when you flip the script and prize profits, it requires you to justify every one of them and look for ways to make your business work at the profit level you've chosen to target.
You'll have to justify every hire, every recurring expense, and either cut them or find replacements. The end result is a healthier business.
This won't happen overnight but it will work if you're diligent. It's also an excellent path toward innovation - creating new ways to achieve more with less.