This is an article on how to make your small business more profitable.
Step 3) The third step in making your small business more profitable is SELLING YOUR PRODUCTS FOR A HIGHER PRICE. Go up in price, but make sure you can justify the price with better service. I always believe in selling at a premium.
Step 2) The second step in making your small business more profitable is looking at your MARKETING PLAN. What is working? What is not? You need to be tracking your numbers from your marketing plan and cutting back on those tactics that don't work. You might need to hire a marketing company to help you if you're not very good in this area.
Step 4) The fourth step in making your small business more profitable is looking at YOUR FINANCIAL STATEMENTS AND MAKING ADJUSTMENTS. Do you really need that extra phone line? Fax machine? Can you make do with smaller office space with less lease? Sometimes doing the small things can really help your business be more profitable.
Step 1) Have you been running your small business for a few years and it just doesn't seem to grow much? Do you think that you have hit the peak of profitability for your small business? Well you haven't. The first step is getting rid of that LIMITING BELIEF that this is as good as it gets--it isn't!
Step 6) The sixth step in making your small business more profitable is CUTTING HEALTHCARE BENEFITS. This is always an unpopular decision in the office but can be necessary to make a business survive.
Step 5) The fifth step in making your small business more profitable is REDUCING THE COMMISSIONS OF YOUR SALESMEN. This is often a very unpopular decision in the office place. Believe me.
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