1. Take your profit first.
When you implement this strategy, you may find that you will find ways to meet your expenses and invest in growth. But if you fail to set aside your profit first, you may never get around to it.
2. Trim Cost
Yeah, I know this is a common refrain, but it really is important. I was working on my own companies at the end of 2016, seeing if I could find ways to squeeze more out of the tools we already used. Turns out, we could! We use NCH.
3. Get your team on board.
It's easy to think of ourselves as the sole preserver of our company's fiscal health. But your employees also have a vested interest in your success as well.
I've found that sitting my staff down and explaining the big-picture goals I hope to achieve with a more profitable company helps give them a different perspective. They understand why it's important for the business to be profitable, and it helps keep profit in the front of their minds