Guide to Increasing Profitability
Profitability. It’s the thing we all hope for when starting a new venture, and thing that keeps small business owners and MDs on their toes each and every yearUnfortunately, for lots of small businesses, what starts out as a profitable venture, can easily take a turn for the worse. In fact, the survival rates of small businesses after their first year of trading can be as high as 91%. Fast forward five years, and it drops to just 40%. In this guide, we'll cover top tips for increasing profitability.
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- The importance of profit management
- 5 simple steps to increase your revenue
- Why cash flow is always a priority
- How to determine your business’ profitability