How to Increase Profits

The new year will be here, soon. Now,
right now, take some time and re-evaluate
your business plans. Don't let January,
1, 2008, catch you with used, out-of-date,
business goals.

Determine how well, 2007, goals were.
Set, re-adjust, endeavors to achieve
greater success.

When you have a plan, know how to
proceed, stress levels relax, too.

Or, you're not as stressful. You will
be happier in the new year, less tensed.

Strategic planning is taking an honest
look at your business operation. Don't
leave a component unturned. Yes, ask
hard hitting questions. Should I
diversify? Can I, realistically, be
more profitable next year? How can the
business be improved? Would Employee A
function better in another area? Or,
it would be best to drop Employee A?

In my opinion, if you're doing an
over-haul, take a look at all aspects of
the business. This includes employees,
vendors, suppliers, and, even, customers.

All factors in a business must work
toward the goal(s).

Employees working with you, or against
you? If service is to be provided in
a particular way, but Employee A is
taking the short cut then he/she
undermined you, your successful plan.
He/she was, clearly, insubordinate.

The continued behavior of Employee A
will spill-over into other areas.
Helping himself/herself to company
funds. The bad example will pick-
up followers. Before you know it,
your organization will be under
Employee A's policy.

"What should I do?" You asked.

Relieve Employee A of his/her
position before things get out-
of-hand.

Are you getting a fair price quote
from suppliers or vendors? If not,
find new ones. Or, check other
suppliers or vendors about prices,
and compare with your current costs.

Is there another product or service
you can add? One that would bring
in additional profits? Can you, your
business, handle a new product or
service?

In the coming year, 2008, re-assess
your business. Position your business
for increased profitability by getting
rid of poor practices, and/or unreliable
employees.