PictureProfitability is not a option for a business owner.  In hard times, we need to plug every hole, regardless of the circumstances. This plus a strong service will ensure a more sustainable future.

Here’s a list of 30 drains that will eat your profitability alive if you let them –

  1. Paternalism
  2. Nepotism
  3. Poor Morale
  4. No Track
  5. No Cash
  6. High Inventory
  7. Discounts Lost
  8. bad Advertising
  9. Credit Losses
  10. Wrong Service
  11. Under Performing Market Niche
  12. Accounting Error
  13. Missing Information
  14. Outmoded technology
  15. Poor communication
  16. Overpayments
  17. Poor buying
  18. Excessive benefits
  19. Excessive décor
  20. Company cars
  21. Airline tickets
  22. Overpaying for tickets
  23. Overstaffed
  24. Poorly staffed
  25. Poor location
  26. Plan is weak
  27. Over leveraged
  28. Owner borrowing from business
  29. Poor compensation package
  30. Fixing problems with a bandage

 

Carpe diem,

Chris

 

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