Achnet
Learn how to reduce your business costs and increase your profit.
By Kevin Hargraves | May 21, 2021
In this video by business coach Kevin Hargraves, you'll learn how to reduce your business costs to increase your company's profits. The Bottom Line refers to the relative position of net sales on a business's income statement. As a business owner, your income statement is the most important number you need to know.
Revenue starts with sales or service revenue at the top of a company's primary business activity report. It's often about working smarter instead of harder as the business revitalizes its foundation. Owners should be willing to look at ideas for controlling costs, increasing productivity, smarter marketing and credit validation. All of these can go a long way toward increasing net income.