ncreasing revenue to increase profits is the most logical but most difficult measure in the current environment.
Reduce the cost of products and raw materials by centralizing purchases and negotiating volume discounts when placing larger orders.
Carry out appropriate tax planning, for example through the appropriate deduction of expenses as we said in our post on travel expenses.
Balance sheet measures (company investment):
furniture, etc. It is common to phone number for business have vehicles or other underused fixed assets within the company's assets, which can be sold without affecting the customer's perceived quality.
Adjust stock levels to a minimum based on demand. To do this, we need to have historical and forecasted sales records in order to have a sufficient level to meet our customers' deman.
Renting a premises instead of buying it , or if we already own it, selling it and then renting it out. This solution is specific to large companies, but any company that owns premises can apply it.
Establish collection policies that encourage early payment to reduce outstanding customer balances. This is especially important today, where the problem is not so much selling but collecting from the customer. If you sell services you may be able to assume a customer's nonpayment, but if you sell or manufacture products, nonpayment will represent a significant cost.