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Alexander Zingman : Як павысіць прыбытковасць малога бізнесу

In the long run, successful small businesses find ways to improve their profitability (the amount of money remaining after all business expenses are paid). Thatu2019s the only way you can build a sustainable business.Here are the best ways to improve your profitability.<br>

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Alexander Zingman : Як павысіць прыбытковасць малога бізнесу

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  1. How to Boost Small-Business Profitability ? Alexandar Zingman

  2. Add new products or services Offering products or services that are adjacent to what the business already sells is an easy way to increase the size of orders and attract more customers. Business owners can ask current customers what types of products or services they would like to see to learn where they can get the most value for their investment.

  3. Cut expenses Cutting expenses may include switching to a less expensive supplier, spending less on supplies or reducing staff or staff hours. Laying off staff members is one of the most difficult aspects of business, but it can be necessary.

  4. Increase the average size of orders The key is to explain why customers might want to buy the more expensive product and how it will make things better or easier for them than the less expensive model.

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