Doesn't it feel great to say "Problem Solved" and move on to the next challenge? There are 3 easy steps you can take immediately to feel the same way about making more money as a small business owner.
If a lack of profit is frustrating you there is a solution so you can say "Profit Solved" and enjoy an even more prosperous business.
1.
Focus Focus on a basic small business function or set of activities when done with more efficiency or effectiveness leads to increased profitability.
For example, if you can produce more sales by streamlining your sales steps to take less time and produce even more results, your Marketing then becomes more profitable - Profit Solved! 2.
Plan To solve any problem you must have a written plan based on the steps most likely to take the least amount of time to produce the greatest return on your investment.
For most small business owners this does not have to be extensive or complex.
It needs to be specific, actionable and project the amount of time and money required for step of the plan.
A good place to start when you develop a plan is with a blank piece of paper.
This just means start as though you had no current plan.
Develop your plan from an ideal point of view with a fresh approach and, maybe, with a little out of the box thinking.
Make sure you are willing to implement the plan - Profit Solved! 3.
Monitor The most critical of the 3 steps to success to be able to say "Profit Solved" is monitoring results and making any necessary adjustments.
Good reporting procedures are needed to know what's happening with your plans for each business basic function you're focused on.
This is the step that closes circle of the "Profit Solved" cycle.
If a plan is not working: adjust it and resume monitoring.
Profit is the benchmark of small business success.
It always feels great to have solved a problem.
Practice the 3 steps to success so you can say - Profit Solved!