The Bottom Line Is The Bottom Line Has To Move Up

Since the 2008 recession, profits for companies nationwide have been drastically cut. Many businesses now operate with less than a 10% margin. There are four primary steps which should be used for both cutting costs and increasing sales in order to regain numbers of the past.

Key Takeaways:

• No matter what size operation you have, if you’re not reaching a 10% margin (or better), now is the time to set things on the right course for 2017.
• First, get control of your overhead.
• Second, revise your accounts receivable program.

“No matter what size operation you have, if you’re not reaching a 10% margin (or better), now is the time to set things on the right course for 2017.”

http://www.lctmag.com/money/article/715804/the-bottom-line-is-your-bottom-line-has-to-move-up