21 Ways to Make More Profit

1. Decide that increasing profit is an objective

2. Increase your customers

3. Get/improve/implement a marketing strategy

4. Provide incentives to your staff

5. Adopt technology

6. Increase recommendations from existing customers

7. Increase the spend of each customer

8. Cross- sell additional products to existing customers

9. Change the product menu/price list

10. Increase range of products available to each customer

11. Lead customers to other products

12. Increase prices

13. Think profit not turnover

14. Ascertain the likely effects - use as basis of decisions

15. Change products slightly - hide price rise as "revised" or "new"

16. Get sufficient market information

17. Reduce costs

18. Improve efficiency

19. Fully implement technology

20. Review key costs

21. Eliminate losses/poor performers

Customers - turn them into good customers

Products - eliminate them or make them profitable

People - improve or remove any weak links

Assets - update the out of date

Decide which of the above you can do and when and how - ie produce a plan. Implement a system of control to ensure the plan is adopted.

Hopefully the above will get you thinking about your business.