5 Ways to Make Your Business More Profitable without Building a Mega Corp
David de Closey
Management Accountant | Financial Management Accountant | Business Accountant | Accounting Specialist | Xero Specialist
I‘m always on the lookout for articles with the potential to positively change a business. What’s your take on the following points I came across recently?
You are good at something. In fact, you’re probably good at quite a few things and if you own or manage a small business your business is likely built around those skills.
Think about what you do, and the effective hourly profit you generate doing these things; it’s easy math:
Number of hours you worked in a month divided by the net profit you generated in your business in the same month = Average profit per hour for that month.
Now think about other types of businesses and what they are able to generate in profit per owner/manager hour. How do you stack up? Do you want that number to be higher than it is? There are a few ways to make that happen without building a gigantic mega corp.
I’d be really interested to know your opinion. Check out the full article here https://www.smallbusinessbonfire.com/profitable-business/ and then I’d be happy to discuss with you by phone (0412) 088-874 or email [email protected].