profits

Things you can do to reduce your outgoings and help both your cashflow and profits

  • Posted on: 4 December 2020
  • By: ali

When the business owners I talk to ask me about increasing their profit, the one and only thing they focus on is sales. But there are other ways to increase profit and one of them, possibly my favourite, is to get control of and reduce the outgoings in the business. In fact, for some businesses, a focus on outgoings has saved them, and allowed them to thrive in better times.

If you’ve suffered a drop in turnover, due to Covid-19 here are some key things you should have in place now – please do not rely on guesswork or, even worse, bury your head in the sand!