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Profitability Improvement

Make Changes Today that Affect Profitability Tomorrow.™

According to the Wall Street Journal, 60-80% of business owners don’t know what their financial statements are telling them. I know what you’re thinking. “That’s not me.”

Well, prove it to yourself. Take our 1-minute quiz.

Profitability Begins With Visibility

Visibility Begins With Planning

The most effective step to take towards profitability is planning. The best tool for planning is the Cash Flow Forecast, which gives you the information you need to intelligently budget and plan the timing of your receipts and payments, resulting in positive cash flow. It also provides detailed visibility into profitability through past and present financial statements, allowing the experts at CFO Simplified to analyze and strategize additional ways to improve your bottom line.

A company’s financials directly reflect how the company operates. CFO Simplified will help you evaluate your operations and implement your optimal budget across all departments to drive operational activities. We’ll tighten your operations by developing a “to-do” list and guide that make improving your bottom line a team effort, allowing you more time to focus on other strategic ways of increasing profitability.

Steps To Improve Profitability

Trimming the budget and creating a lean operation is only a part of the picture when it comes to improving profitability. Having an expert CFO will help with the following additional strategies for growth and profitability. From automation to performing extensive research and analytics on your behalf, we will help you make good business decisions, avoid risk and guide you through complex transitions/transactions when necessary to reach your ultimate goals.

  • Use Your Business Metrics. For example, you can eliminate services or clients that lose you money, and enhance or expand on services and opportunities that make you the most money.
  • Develop Optimal Pricing Strategies. A good pricing strategy helps you to determine your optimal price point and maximize profits. There is a wide range of factors to consider and various pricing strategies to employ, depending on your unique circumstances.
  • MA and/or Business Diversification. Just like you diversify your portfolio, diversifying your business is a marketing strategy used to develop new or complementary services and products, or you may consider merging with or acquiring an existing business.
  • Banking Relationships. There are a lot of banks out there to help you succeed. Partnering with the right bank won’t only provide you with the cash you need to operate or expand, but also provide so much more. The right bank will be able to help you make the best use of your cash, speed up the availability of your cash, and even help protect against fraud.

By reviewing financial statements and overseeing the financial department, CFO Simplified will be able to help you improve your net income by identifying areas for cost reduction in a number of ways. We’ll also be in a position to advise on your unique opportunities for increasing revenue.

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