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Eight Ways to Increase Your Profits

Increasing your profits might sound like it’s an unattainable dream just out of your reach. But there are a finite number of ways that profits can be increased. Once you understand what they are, you’ll have clarity on how to best reach your goals. There are two primary ways to increase profits: Raise revenue Lower expenses That’s not particularly enlightening or instructional, is it? Let’s look at the four ways you can increase revenues and the four ways you can reduce expenses Read more [...]
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Five Numbers You Should Know About Your 2016 Performance

Before we get too far into 2017, let’s take a look back at 2016 results and five meaningful numbers you may want to discover about your business’s performance.  Grab your 2016 income statement, or better yet, give us a call to help you compute and interpret your results. Revenue per Employee This number measures a company’s productivity with regard to its employees and is relevant and meaningful for all industries.  If you have part-time employees, compute a full time equivalent total and Read more [...]
Patricia Anderson No Comments

Eight Ways to Save Time You Might Not Have Thought About

Time is money as they say, and if you can save time, you’re also saving money.  Since your time is limited to 24/7, both personal and business time saved is profitable.  Here are eight ways to save time (and money) for your consideration.  Go through all of them with an open mind, and see which one might work best for you.The trip to the grocery store If you’re making several trips to the grocery store throughout the week, this one is for you.  Cut down on those trips by taking inventory Read more [...]
Patricia Anderson No Comments

Five Best-Practice Accounts Payable Tips for a Smoother Cash Flow

Watching the cash balance is one of the most frequent activities of a small business owner.  Besides making sure you have enough cash for payroll and bills, there is another huge opportunity you can benefit from: lowering the cost of processing your bills.  It can be expensive and time-consuming to process bills and handle the paperwork involved.  We’ll take a look at a couple of the many ways you can streamline your accounts payable processing costs in this article. Opportunity #1:  Go Read more [...]