How to Increase Your Profit [news]
For most businesses, the easiest way to increase profitability is to reduce costs. This isn’t as much fun as winning major contracts, or tripling sales, or opening new branches. But reducing direct costs can dramatically increase the profit on each sale, and eliminating unnecessary business overheads can have an immediate pleasing impact on your bottom line.
However, the best way to improve profitability is to increase turnover – provided the sales you make are profitable of course. It is the best way because there is technically no limit to sales, while there is a finite limit on reducing your costs.