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Boosting Business Profits

What factors impact the bottom line? How can these be effectively managed to boost business profits?
Total 42 articles in this section.
Pages: Previous 1 . [2] . 3 Next

A Stock Pile Equals A Money Pile

by Sue Hirst

In order to maximise the working capital in your business, it often helps to minimise the length of time stock sits on your shelves.

Keep Your Working Capital - Count The Days Until You Pay Suppliers

by Sue Hirst

The term 'Accounts Payable' may not be new to you, but have you heard the term 'Accounts Payable Days'? This is not the number of days that you take to pay each of your suppliers, but the number of days, on average, that you are taking to pay all of your suppliers.

Stop Micro-Managing! Focus On Indicators Of Business Performance

by Dr Greg Chapman

Many business owners continue to micro-manage the business as it gets larger. They end up focussing on where they feel most comfortable, rather than on what is most important. But at some point it becomes impossible to maintain. Then the balls start to drop ...

Managing Costs Can Often Be As Profitable As Selling More

by Sue Hirst

A small reduction in costs can often achieve a better result on the "bottom line" than a large increase in sales, and can be a lot easier to achieve in some cases.

Price Right, Profit Right

by Sue Hirst

How do businesses determine their price to customers?

Are You 'Cliff Diving' With The Wrong Pricing?

by Ellen Rohr

You want to make more sales. Good for you. Here's the problem. More sales at a losing selling price is like cliff diving in the Grand Canyon. It's going to hurt if you don't know what's below.

Seven Key Numbers To Drive Profit

by Sue Hirst

A typical set of financial reports (i.e. Profit and Loss Statement and Balance Sheet) contain a lot of numbers, and it can be a daunting task to make sense of it all, and know which numbers are the important ones. Of course they are all important, but some are absolutely critical to financial success in business.

Seven Reasons To Say 'NO' To New Business

by Debbie Bermont

If your company is dependant on larger sales from fewer customers, then you could put yourself at financial risk by taking on the wrong customer.

Not All Customers Are Good Customers

by Sue Barrett

Ever had some customers who spend very little with you, but take up enormous amounts of your time? Nothing's ever right, they quibble about every cent and they do not intend to spend much with you anyway.

10 Steps To A Lower Cost Business - Stage 3: Renewal And Development

by Phillip Slater

In this article I will explain the steps for Stage 3: Renewal and development of the New Operations Improvement Cycle and the 10 Steps to Lower Costs and Operational Excellence.

How To De-Commoditise Your Offering

by Dario Priolo

In today's world, you cannot stay on top simply by fulfilling your customers' needs. Instead - as a bulwark against de-commoditisation - create solutions that help customers reach their goals. And in the process, differentiate yourself from your competitors and add value to the customer.

How To Turn Your Stock Into Precious Working Capital

by Sue Hirst

Most businesses have stock or inventory of goods for sale, unless they are in a purely service based business. Obviously stock is required to be available for sale when your customer is ready to buy. The aim of the game is to have the stock on the shelf ready for sale for the shortest possible time.

10 Steps To A Lower Cost Business - Stage 2: Optimise Performance

by Phillip Slater

In this article I will explain the steps for Stage 2: Optimise performance of the New Operations Improvement Cycle and the 10 Steps to Lower Costs and Operational Excellence.

How To Use Your Accounts Payable To Your Advantage

by Sue Hirst

Accounts payable may seem like a ho hum kind of subject but it can be a minefield of mistakes. Opportunities to improve your cashflow and profit abound in your accounts payable actions.

10 Steps To A Lower Cost Business - Stage 1: Laying The Foundation

by Phillip Slater

In this article I am going to explain the steps associated with Stage 1: Laying the foundation of the New Operations Improvement Cycle and the 10 Steps to Lower Costs and Operational Excellence.

Total 42 articles in this section.
Pages: Previous 1 . [2] . 3 Next

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