Increase Business Profitability

Business owners typically share one goal, which is to maximize business profit.  At Global Resources LLC, we maintain the expertise necessary to help our client’s increase their business profitability.

Typically, companies evaluate gross profits, operating profits and bottom-line or net profits. Increasing profit at any of these levels is based on increasing revenue, lowering costs, or both. The professionals at Global Resources will implement proven strategies for you to maximize your business profit.

• Gross profit: Your gross profit is revenue minus costs of goods sold. One strategy to add profit is to generate more revenue while maintaining a constant cost of goods sold.  Developing a productivity-based excess profit compensation plan for your sales employees is a proven way to increase revenues while keeping control of costs.

• Operating profit: Your operating profit is gross profit minus operating expenses, such mortgage / rent payments, utility bills and marketing expenses. In addition to increasing revenue, a company can boost operating profit by reducing its cost structure in one or more of these fixed expenses.  We have the needed expertise to review all the costs associated with your business.

• Net profit:  The bottom line for business owners can be increased by implementing a plan to pay yourself first with what we call a “minimum mandatory profit”.

Increasing Profit Margins

A profit margin is a ratio comparing profit to revenue. A business could increase profit -- but not profit margins -- in a given period if it takes on a higher proportion of costs to revenue than it previously had. The goal of improving margins is to enhance efficiency in turning revenue into profit.  To ensure that your profit margin grows, the business must generate revenue in a more efficient way. Raising prices and / or lowering cost of goods sold are often key drivers of gains in profit margins.

There are four key areas that can help drive profitability. The experts at Global Resources will pinpoint the crucial changes needed in your business and then implement new methods, systems and controls to increase profit margins:

·         reducing costs

·         decreasing turnover

·         increasing productivity

·         increasing efficiency

To learn more and / or to schedule your complimentary appointment with the business experts at Global Resources LLC, call us at 855-338-0266.