Ask yourself how much your bottom line will improve or decline by if you raise or lower your gross profit margin by just 1%. Still can’t afford a Gross Profit Officer?
3 key actions to increase profitable sales
Knowing your costs and your gross profit is essential but many businesses destroy value simply by selling in to the wrong market, or by positioning their products / services in the wrong place.
To increase profitability – We’re going to purposefully do less!
It’s great to grow sales, increase in size and be busy but do you know where your profit is coming from and where it’s not?
Cost control: Don’t let costs embed themselves in your business
We looked at how costs and processes get embedded in a business and stay there, like fossils, for years and years, eating up cash, when they don’t need to be there at all!
My cashflow is a mess and I’m running around like a headless chicken
Poor cashflow is a symptom and a problem. We take a look at practical ways to improve your cashflow.
Financial information – use it to improve profitability and cashflow
We have many blogs about financial information and how it is the foundation for improved profitability and cashflow. Here’s a selection all rounded up and in one place for you.
How to improve the profitability of your business
Here’s a 40 minute webinar on How to Improve the Profitability of Your Business. It’s full of practical ideas for profit improvement that you can use today!
Part time finance director – could be just what you need
The ideal progression is for the part-time FD to make most of the job redundant by training other people to do it and ensuring that things which are fixed stay fixed.
Profitable pricing – goes right to the heart of your business
Look at your competitors and see what fronts they are fighting on (or not) and look beyond your own market for ideas about how to position your business so it stands out from the crowd.
Why two bank accounts are better than one
Your main bank account will certainly look to be short of money. But that’s partly the point!