When you are not making any money despite careful thought,substantial investment, and lots of effort, your business has a problem. Unfortunately, many business owners are swamped handling day to day details. They don’t have the time or inclination to identify the specific problems that they need to fix. And, they do not have the unique skilled offered by Fix This Next coaches. One of the core needs of your business is to make a profit. If this is not happening despite lots of time and effort, you need help.
If the high sales and low profit picture sounds like your business, you may benefit from the Fix This Next method. You may well be too busy to work through to a viable solution and to keep tracking the results of your efforts. Here is where Fix This Next coaches like Exigo Business Solutions come into the picture. Enlist our help and take your business to the next level.Schedule Free Fix This Next Session
The Fix This Next method always addresses profit as one of the core parts of your business’s hierarchy of needs. After all, any business needs to be making a profit to survive. Many businesses are making sales handover fist but are not seeing a profit to match. The Fix This Next method often discovers that your profit situation as the next issue to address. And, Fix This Next Coaches identify the specific problems that are keeping sales from turning into handsome profits.
After sales to create income, profit is the next step for any business. You need to be selling enough widgets to create cash flow. But,you need to be charging enough for them to make each transaction profitable.And, you need to be able to track your costs of production, inventory maintenance, advertising, and total overhead. Otherwise, you will be like far too many business owners who are basically running a charitable organization that provides wonderful products and services, employs lots of people, and does so without a profit!
If you are making sales and have healthy cash flow coming in the door but are not seeing a profit. How can you fix that? Fix This Next coaches like Exigo Business Solutions have strong accounting backgrounds as well as years of experience observing businesses and advising business owners. A key issue is the efficiency of your workforce. A common problem is how Parkinson’s Law affects the efficiency of your business. This “law” is simply the tendency for work on any project to take until the deadline and for the cost of a project to never come in under budget. At Exigo Business Solutions,we help our clients track business operations, find inefficiencies, and eradicate them.
Another possibility is that you are not charging enough for your products or services and thus are giving them away. Alternatively, you could be charging too much and driving business away. A well-designed accounting system that generates customized reports is a key feature of any effort to improve profits.
While sales are basic to your business, there are times when you sales really are OK but costs are eating up sales revenue before you get any fits. Here is where experienced Fix This Next coaches, especially accountants, are critical in the first stage of this process. You need to clearly identify your issue before applying any fixes!Schedule Free Fix This Next Session
Fix This Next coaches are a unique group of accountants and bookkeepers as well as business coaches. They specialize in identifying and fixing core business needs. Exigo Business Solutions is a Founding Fixer. In addition to doing your accounting and tax returns, we will assist you in identifying and fixing your basic business issues and bring your operation to the next level.