Would you like to keep more of your money in your own pocket?
Here are 3 bookkeeping tips to help you increase your profit – and put more money in your pocket – without increasing your prices:
(1) DOUBLE-DOWN ON YOUR CURRENT CUSTOMERS
Did you know that it’s 5 times MORE expensive to get a new client, rather than just to keep your current clients happy and buying? So focus on meeting their needs and selling more to them first.
(2) AUTOMATE YOUR PROCESSES
Time is money, right? And if you get the right automation and software set up (like Zapier or QB), you can save HOURS of time.
(3) LOWER YOUR COSTS.
Where can you bring down your operating costs (COGS)? Can you find cheaper suppliers, or get wholesale rates? Can you spend less on shipping or incur fewer expedite fees?
(Also, you can just pick up the phone and see if your vendors are willing to give you a discount or special offer for your business. Especially those you have been with for some time!)
Not too hard
… But I do admit – some of these do take a little time to chase down or set up.
So, if you ever need a wingman to help you with all of these details, just let us know. We help handle this stuff all the time for our clients and we’d love to help you, too!
Kerry Postel – Founder CEO Principal
Abacus Business Solutions
Has Higher National Diploma in Business and Finance, Certified in QuickBooks, Member of American Institute of Bookkeepers, and over 20 years of bookkeeping experience including construction, travel, restaurants, events management, and other various professional services.
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