Decrease your stock range
Edensilk Team - Tuesday, November 25, 2008
Decrease your stock range. Just focus on the fastest sellers you've got, you'll be amazed at what it'll do to your profitability.
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Change accountants
Edensilk Team - Tuesday, November 11, 2008
Change accountants. If the one you're dealing with really just doesn't understand what's going on, then change. Don't feel you've got to be loyal, this is your business.
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Charge for a finance facility
Edensilk Team - Tuesday, October 28, 2008
Charge for a finance facility. If you're going to offer credit to people make sure they pay for it, especially if they're overdue.
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Buy in bulk
Edensilk Team - Tuesday, October 14, 2008
Buy in bulk, pay accounts over time. Get your stock up front and pay it off on a time payment, or even have it delivered and paid for as you need it.
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Buy direct.
Edensilk Team - Tuesday, September 30, 2008
Buy direct. Cut out the profit taker in the middle and take it for yourself.
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Know your actual costs
Edensilk Team - Tuesday, September 16, 2008
Know your actual costs. It's hard to reduce them if you've got no idea what they are.
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Keep an accurate database
Edensilk Team - Tuesday, September 02, 2008
Keep an accurate database. Don't waste a minute and don't waste a cent following up dead leads.
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Learn better negotiation skills
Edensilk Team - Tuesday, August 19, 2008
Learn better negotiation skills. Never accept your quoted price as the fixed and firm price, everything's negotiable.
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Negotiate fixed
Edensilk Team - Tuesday, August 05, 2008
Negotiate fixed, not variable expenses. If it costs you a lot in variables, then negotiate a fixed fee every month.
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Manufacture yourself
Edensilk Team - Tuesday, July 22, 2008
Manufacture yourself. Why have others made a good base margin before it ever gets to you. Often it's a great choice to manufacture yourself.
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