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How to increase your Net Profit by over
40% per annum – GUARANTEED!
Most business
operators can remember times when they needed extra profit.
Sometimes they need more extra profit than they think is possible
to generate.
At times like this,
it’s easy to become depressed at the magnitude of the
job in front of you, but actually it’s much easier than
anyone might realise.
If you want to increase
your net profits by more than 40%, there are three key areas
of your business in which you’ll be working.
| • Fixed Costs |
| • Variable
Costs |
| • Turnover |
Fixed Costs
Fixed costs are things
like rent, salaries, equipment leases. You will need to cut
them by just 5% over the coming twelve months.
Variable costs
Variable costs include
casual wages, electricity, telephone, accounting fees.
These too, will require
you taking the knife to them, to the tune of just 5% over
the coming twelve months.
Turnover
Turnover is your gross
sales. You must increase your gross sales over the next twelve
months.
The easiest and most
cost-effective way to do this is by targeting your existing
customer database.
And let’s face
it – 5% is no great ask, is it?
Now check out this table
and see exactly how your profits will soar with just these
few small changes to your business.
Projected
Increases in Turnover |
| |
Last
Year |
5%
Difference |
Next
Year |
| Gross Turnover |
250,000 |
+12,500 |
262,500 |
| Fixed Expenses |
100,000 |
-5,000 |
95,000 |
| Variable Expenses |
100,000 |
-5,000 |
95,000 |
| Net Profit |
50,000 |
|
72,500 |
Next
year’s projected profit has increased by well
over 40% |
Next time you need your
net profit increased by more than you think is possible, adopt
the measures described here.
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