Increase the efficiency in your company if you want to increase your profits
Since profit represents the difference between your total sales (money coming in) and all your expenses (money going out), the only way to increase profits is to increase the difference between these two numbers. The first option is to increase sales — no easy task in today's economy. And if your company is at capacity, increasing sales might not provide enough additional income to cover increased costs. The second option for improving the bottom line lies in lowering costs. One way to ...
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