Every business needs to make a profit to survive and, generally speaking, the more profit we make then the better the business is, the more likely it is to survive a recession and the more likely it is to grow and flourish. There are five fundamental ways to increase profits that you need to know when starting a small business and they are as follows:
Some top tips on working out your true costs.
When you’re running a small business money is often tight so you need to make sure that every penny counts and that you’re making profit on every sale. But sometimes keeping track of your profit/loss on a sale can be difficult or confusing. Here are some ideas to help keep on top of things.