2 Tips to Increase Profit

Discussion in 'Growing and Managing a Business' started by asnetworksltd, Jan 25, 2010.

  1. asnetworksltd

    asnetworksltd
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    Gain new "profitable" business.
    Reduce the costs of existing business.

    We all know it's not as simple as that, but in a nutshell these are the only ways to grow profit.

    The above two "obvious" methods of growing your business and increasing your profits are rarely seen in tandem.

    Most companies throw vast resources into securing new business, and then throw yet more resources into servicing that newly acquired customer, the profitability of this activity is rarely questioned.
     
  2. homesecurity

    homesecurity
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    1. Don’t Diversify

    If you don’t risk much you won’t make much and that’s a fact.

    If you have a small trading account all diversification does is dilute your profit potential. If you trade a small account don’t spread your resources to thinly – when you see a trade go for it and hit it with as much cash as you can afford.
     
  3. kittelsoncarpo

    kittelsoncarpo
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    You're right. To increase profit, minimize the expenses of the company as much as possible and try to invest in other company so that you will gain additional money and capital.
     

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