This is an excerpt of an article I did for the Colorado Springs Business Journal
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It wasn’t long ago when it seemed that the answer to every business challenge was to “get out and sell more.”
Now, business owners are scrutinizing their operations for ways to squeeze out every last drop of profitability.
This is a healthy exercise for any economy to undergo, and the surviving businesses tend to emerge from difficult times as leaner, more disciplined enterprises poised to take advantage of every opportunity as general market conditions improve. Let’s look at four ways to increase your profitability and grow your business:
- Increase Average Price
- Increase Transaction Size
- Increase Transactions
- Reduce Costs
Head over to the Colorado Springs Business Journal to see the rest of the article.
