Accounting
Secret to Maximizing Your Profits
Focus your attention to streamline and calibrate your Revenue Streams will bring you steady profits and cash.
You would usually start your business by trying to fulfill all your customers’ orders, thinking that would maximize your Revenue.
However, after sometime, you realize that you would need outsource some orders in order to fulfill them.
Hence, you would need to match the relevant Variable Costs against the relevant Revenue Streams in order to know which Revenue Stream(s) would maximize your Margins. We call this process “Calibration of Revenue Streams”.
In the process of calibration, you would then decide not to take in certain customers which are not worth your time because lower Margins.
You begin to focus your time and effort to bring in and fulfill those Orders which would bring you higher Margin for the same amount of time and effort.
Once calibrated and streamlined, with workflows established, you would just need to “maintain” this business model, and make incremental improvements.
Profits and Cash will be piling up soon.
Good luck!
If you need help, feel free to contact us at :
(M) +65 90880669
