10 ways that you can boost your small business profits

1. How To
Boost Your Profits

2. It’s A Recession
Costs are up

3. So…What Do We Do About It?
Idea 1
Idea 2
Idea 3
Idea 4
Idea 5
Because remember….

4. There is a Big difference between being
busy and being profitable

5. Don’t worry. Help is at hand.

6. 10
Ways To Be
More Profitable

7. Ask Your Suppliers For A Better Price
Explain the situation. Promise loyalty in return.

8. Raise Your Prices
But, make a good case for doing so.

9. 20% Of Your Customers
Bring 80% Of Your Revenue.
How can you get more revenue from them?
What can you upsell to them?

10. Offer Less
Remove the products or services you offer
that are less profitable for you.

11. Re-brand & Target More Affluent People
The rich spend more. Fact. What do you need to
do to your offering to target them?

12. Find Higher Margin Products / Services
How can you diversify? What additional
profitable products / services can you offer?

13. Ask For A Discount
Gas, electricity, stationery - anything you can.

14. Negotiate Your Office/Premises Rent
Most landlords would prefer to
keep a good tenant. Offer less for a
defined period of time.

15. Monitor Your Inventory
If you sell products then closely
monitor what is selling and drop
what is not.
Keep only the minimum amount
of stock needed.

16. Monthly Finance Review
Check costs .v. revenue each month. An early
profit warning can make it easier for you to
turnaround the situation.

17. FOR MORE HELP
RUNNING YOUR
SMALL BUSINESS