Business Profit Improvement Planning
The Quinn business development team can assist you to implement various business strategies to boost your profits and improve the cash flow in your business.
In order to manage profits and cash flow, a small business/medium business owner needs a good understanding of break even. This implies managing the relationship between costs, volume, and pricing.
For example: Do you know how much your sales volume must increase to maintain profit levels after a 5% discount in price?
Break even analysis focuses attention on two key factors:
- Fixed and variable cost, and
- How changes in either affect profits.
By using break even analysis, you will be able to relate to changes in costs and/or pricing. You will also see the corresponding changes that are required in sales volume if a given level of profit is to be maintained.
In our experience 80% of business owners do not know their break even point! As business development specialists and chartered accountants, our experience in profit improvement planning is substantial. We can take the guess work out of your profit improvement business strategies.
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