WARNING! “7 in 10 small businesses think they don’t have this problem yet 8 in 10 ARE in grave danger right NOW!”
Ever had a “slow leak” in a car tyre? Air escapes ever so slowly and one day, after a period of weeks, you start to notice that something isn’t quite right. You pump up the tyre and it stays inflated for a while but sure enough, gradually it goes down again. Over time that tyre tube starts to hemorrhage and no amount of inflating will keep it pumped up.
80% of businesses have the same problem when it comes to profits leaking from their businesses but most don’t realize it.
Some small businesses are losing 20% or more off their bottom. Yours could be one of them.
What should you do about it? Firstly, some analysis should be done on a regular basis to see how your business is being affected by profit leakage.
Secondly, the biggest holes should be addressed immediately with positive actions and the results monitored to enable fine tuning going forward. Sounds overly simplistic, but you would be surprised at the number of business owners who dio not go through this process. Many “have a feeling” where the leaks are occurring, but some objective analysis will help in this down and then we can help with some strategies to address this.
Want to start this analysis going? Go to http://www.iconbusinesssolutions.co.nz/cms/index.php?page=resources and download a “profit leakage analysis”, complete it and give me a call to discuss the results. You have nothing to lose and everything to gain.
Andy Burrows – Business Advisor
At Icon Business Solutions we can work hand-in-hand with you to help you plug profit leaks, enhance profits and increase you available cash plus we can support you to systemize your business so it can run without you.
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