Find Your Profit Leaks
As a small business owner, you are probably well aware that your business must operate at a profit if it is to survive for any length of time. Former UK MP and businessman Paul Marsden once famously said that, “business is all about solving people’s problems – at a profit”. But determining how much money you need to make in order for your business to be profitable in the long term is a bit more complicated than simply adding up all of the money that you’ve earned and subtracting it from the total cost of your production.
While boosting your revenues, managing your cash flows and controlling costs are all important aspects of running a profitable business; if you aren’t making the amount of money that you should be, it’s very likely that you have a profit leak.
Profit leaks come in many forms and can range from something as simple as losing out on revenue because you forget to invoice your clients promptly to having to pay a higher tax bill because your system failed to automatically record all of your transactions.
Because profit leaks can come from so many sources, tracking down your profit leaks can be quite the daunting and difficult task. However, it is imperative to the survival of your business that you find all of your profit leaks, as quickly as possible, and deal with them. No matter how up to date you believe your control systems are, and how smoothly your business seems to run, all businesses have profit leaks.
If you are tired of your money literally vanishing as fast as you make it, it’s time to shine a light on all of the dark corners and hidden crevices of your business operations so that you can stop your money from falling through the cracks.
Get clarity today – take this online Business Health Check to discover where your business is losing profit! After answering a few quick questions, you will receive a detailed report of where there’s significant savings to be made! In your report, you will learn how your business is performing in 9 fundamental areas of profitability and how these areas work together to create your total profit. Use this insight to track down the gaps in your processes and plug the leaks and stop losing your profits!
Click here to start saving $$$ today!!