Easy Ways to Improve Profitability

Boost your bottom line by implementing some or all of these tactics for reducing costs. Remember, it does not matter how much you generate in sales…the most important profit potential is what you are able to keep . Use these great tips to get started:

1. Reimburse employees for mileage whenever possible rather than providing a company car. It saves on insurance, maintenance and other costs.
2. Provide insurance allowances to employees instead of offering group health insurance
3. Use sub-contractors for part-time or seasonal help. You only pay for labor that you need versus paying employees to sit around when there is no work to be done.
4. Minimize collection costs and uncollectible accounts by developing payment agreements with customers.