Profit is easier to achieve when broken down into its components. So, to put it simply:

Profit = Sales – Variable Expenses – Overheads

In layman’s terms, your variable expenses are the ones that change in line with your activity ( e.g. production or sales), and your overheads are your operating expenses such as rent and utilities. For each component of profit (as above), list down the one key action you can do today. For example: - Increase sales by implementing a contact program - Reduce variable expenses by eliminating inefficiencies in the delivery process - Renegotiate your utilities fees or provider There are lots of different strategies to achieve a more profitable business. If you would like to know more please contact us at info@rawba.com.au