Business owners need to focus on profit.
The primary mission of a business should be long-term profitability not just revenue growth. “Profitability is a measurement of efficiency.” It ultimately is the deciding factor in the success or failure of a business.
Profitability is “the ability of a business to produce a return on an investment based on its resources in comparison with an alternative investment".
There are many many ways to improve the profitability of a business.
Why they are not rocket science, most businesses do not have a plan to increase profit, nor do they allocate time and resources to focus on it.
Contact myself if you would like to discuss more - [email protected], phone 0439 807 768 or click here to book a complimentary online discussion.