Early in any small business, it’s extremely difficult to turn a profit. Even after you gain a little traction, it’s easy to get caught up in the never-ending details. This means you have no time left for the things that will actually increase your revenue. But there are a few things you can do right now to raise your bottom line.
Perhaps the most important action item on your list should be to calculate the exact costs of your business. In order to know where you’re starting, you need to look beyond general expenses and pinpoint just how much your activities are worth to the company. Then you can start cutting out tasks that are measurably low in value, automating them wherever possible. If you can do that for both you and your team, you have a great place from which to start. SmallBizTrends.com, on March 26th, 2018.