Are you looking to make more money in your business?
Well I have good news for you ... Here are 5 simple strategies to increase your margins ... TODAY!
1) Increase your prices.
This is the easiest and fastest way to increase your margins, and have found that employers are more afraid when climbing prices that customers pay a little more.
I also noticed that most customers will not notice the increase and those who complain, we probably already complain about something else.
starts with a minimum of 10%, and you'll see the benefit faster than what your customers will notice the difference.
2) Leave to give discount.
If you are constantly on offer, remember to subtract your expenses gives the impression that your normal prices are a scam.
Instead of giving off, remember to focus on the value and benefits you provide.
3) Know your true costs.
In many companies, the costs are actually evaluated. If you know what your real costs, you can find ways to reduce them.
Sit down and spend a few days to validate the movements of your checkbook, as you go forward, take what you have learned in their evaluation and control it.
4) See costs as a percentage of sales.
This gives you an idea of \u200b\u200bhow many sales you need to do before you start making a profit.
How much it costs to keep your doors open all week?
What time of day, week or month you make your business profitable?
Once you see your costs as a percentage of sales, then you can calculate how many sales you need to cover that cost.
To get the most out of this, you have to communicate the information to your computer because they need to know what your business needs to stay open. Put a large board
your business with a countdown to reach breakeven, you'd be surprised how much your team will respond to this.
have a reward system that is active after reaching the equilibrium point is a great way to keep your team motivated and understand what it takes to grow your business.
5) Decrease the range of items.
The greater the range of products you have, the suppliers have to meet, more shelf space you will need, and of course more money to invest in inventory and higher costs that you have.
The elimination of slow moving goods or a group of them is a great way to earn more money per item sold.
You must be able to negotiate better deals with suppliers if you're buying fast-moving items, which may lead you to better deals for your clients.
Remember to watch the movements of each item you are selling and investing More on those who move quickly.
Rueda Arturo Chavez, Certified Business Coach
achavez@actioncoach.com.mx
http://www.actioncoach-bcf.com.mx/
Tel 011-52-2458-8210 
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