5 strategies that can make your trade business more profitable

Making your trade business profitable

You might have just started your trade business or have been in business for a while now, but one of the things that any business owner looks for is profit. Profit is why most people start their own businesses because it comes with early retirement or peace of mind knowing your income is secure.

In growing your business, Profit and Loss, success, business advice, strategy, profit margin, consulting

How to go from Break-even to Profit

Break-even: Part 2

In the first part of the Break-even series, we discussed what the break-even point is, how to calculate it and the 3 important elements you need to employ to achieve that position. As a quick recap, new businesses might not generate expected income in the short term but can make enough revenue which puts them in a position of not making a loss but not making a profit either. At this point the business can still survive, however, the most preferable outcome is that of making a profit as soon as possible.

In business growth strategies, Expenses, growing your business, small business, tips, business advice, profit margin, consulting

What is break-even: Part 1

Understanding The Three Elements Of Break Even

Making the decision to start your own business is a bold move that involves risk but can also come with greater rewards. As a potential entrepreneur you need to conduct your market research in order to estimate the size of the potential market, competition and potential sales, as these are some of the factors that will determine your business’ success.

In Profit and Loss, small business, tips, success, business advice, consulting