Long-term, unprofitable organisations tend to get caught in a vicious cycle: Lenders and investors shy away. Talented employees leave for greener pastures. Stock value diminishes, credit dries up, officer profit sharing goes away and vendors aren’t paid according to terms. With limited resources, these companies can’t pursue ambitious new business opportunities or make investments to sustain development and drive profitability. For companies without outside funding or credit, no profit means no capital and the cycle worsens.
In this guide, we’ll explain why there’s no time like the present to revisit your profitability goals. We’ll outline six profit-building techniques and show how to improve operations and build a more effective organisation.