OUR FOCUS
One sure way to increase your profits is to reduce the cost of operating your business. It is one of the two not-so-secret keys to the success of Wal-Mart.
In these times, the quicker you evaluate and review every single cost of doing business, the faster you can free up cash in your business and boost your profits.
Ask yourself three questions about everything you are currently paying out each week or month to operate your business:
1- Is this expense absolutely necessary for the survival of my business?
2- If it IS necessary, is there a cheaper alternative I can use, either another supplier or another service company?
3- Can I reduce the use of a needed product or service by even ten percent and thereby save money, lower my operational expenses, and boost profits?
Every business can find savings in their operations or their purchasing that can help the bottom line. You will, too!
I'm on vacation this week and next.
I'll have a special report for you from Florida next Sunday.
Please mark your calendar to attend my next Coffee Conversation at Updike's in North Kingstown on Thursday morning, March 11th at 8:00am.
See you again soon-
Ann Marie
Sunday, February 21, 2010
Sunday, February 14, 2010
Boosting Customer Counts
THIS WEEK'S FOCUS
Increasing the number of customers frequenting your retail location or viewing your web site is important for several reasons:
1- All businesses lose customers constantly, due to moving, job loss, death, change in family status, or change in lifestyle choices.
2- You need to think about how to replace lost customers and incorporate your strategy as one of your DAILY business activities.
3- Getting new customers, and MORE customers, will lead to long-term business growth, both in revenues and in the value of your business.
Interested in getting more customers?
We'll take up this subject as well as addressing your current business needs at our weekly Coffee Conversation on Thursday and begin the process of developing a plan to take you and your business to the next level.
Our weekly Coffee Conversations at Updike's NewTowne are getting noticed and people are excited! There's always room for you, too!
We'll meet you this Thursday morning, February 18th at 8am to help small business owners who want to grow their sales and profits and also help those who want to start-up their own enterprise to get started right.
Updike's NewTowne Coffee Roasting Company and Cafe is located at 7726 Post Road in North Kingstown (across from the town's main Post Office). This is the sixth in a weekly series of coffee conversations to boost businesses in our community.
Have questions? Call me anytime at 401-667-0971.
See you soon-
Ann Marie
Increasing the number of customers frequenting your retail location or viewing your web site is important for several reasons:
1- All businesses lose customers constantly, due to moving, job loss, death, change in family status, or change in lifestyle choices.
2- You need to think about how to replace lost customers and incorporate your strategy as one of your DAILY business activities.
3- Getting new customers, and MORE customers, will lead to long-term business growth, both in revenues and in the value of your business.
Interested in getting more customers?
We'll take up this subject as well as addressing your current business needs at our weekly Coffee Conversation on Thursday and begin the process of developing a plan to take you and your business to the next level.
Our weekly Coffee Conversations at Updike's NewTowne are getting noticed and people are excited! There's always room for you, too!
We'll meet you this Thursday morning, February 18th at 8am to help small business owners who want to grow their sales and profits and also help those who want to start-up their own enterprise to get started right.
Updike's NewTowne Coffee Roasting Company and Cafe is located at 7726 Post Road in North Kingstown (across from the town's main Post Office). This is the sixth in a weekly series of coffee conversations to boost businesses in our community.
Have questions? Call me anytime at 401-667-0971.
See you soon-
Ann Marie
Sunday, February 7, 2010
Creating Higher Profit Margins
Our weekly Coffee Conversations at Updike's NewTowne are getting noticed and people are excited! There's always room for you, too!
We'll meet there again this Thursday morning, February 11th at 8am to help small business owners who want to grow their sales and profits and also help those who want to start-up their own enterprise to get started right.
THIS WEEK'S FOCUS
Profit is what allows a business to grow. It is also the difference between survival and thriving in the marketplace. Building greater long-term success in your business includes re-thinking your profit margins. There are several ways to do this.
1- Lower your costs of goods and materials.
2- Decrease your operating costs.
3- Re-think how you charge for your products and/or services.
4- Compare pricing at your competitors or similar businesses.
5- Increase your prices.
6- A combination of the previous strategies.
We'll take up these issues as well as addressing your current business needs at our weekly Coffee Conversation on Thursday and begin the process of developing a plan to take you and your business to the next level.
REMEMBER: Only you have the passion and the power to make your business grow. So, come with your passion and get ready to make things happen!! Join me in improving our business community!
Updike's NewTowne Coffee Roasting Company and Cafe is located at 7726 Post Road in North Kingstown (across from the town's main Post Office). This is the fifth in a weekly series of coffee conversations to boost businesses in our community.
Have questions? Call me anytime at 401-667-0971.
See you soon-
Ann Marie
We'll meet there again this Thursday morning, February 11th at 8am to help small business owners who want to grow their sales and profits and also help those who want to start-up their own enterprise to get started right.
THIS WEEK'S FOCUS
Profit is what allows a business to grow. It is also the difference between survival and thriving in the marketplace. Building greater long-term success in your business includes re-thinking your profit margins. There are several ways to do this.
1- Lower your costs of goods and materials.
2- Decrease your operating costs.
3- Re-think how you charge for your products and/or services.
4- Compare pricing at your competitors or similar businesses.
5- Increase your prices.
6- A combination of the previous strategies.
We'll take up these issues as well as addressing your current business needs at our weekly Coffee Conversation on Thursday and begin the process of developing a plan to take you and your business to the next level.
REMEMBER: Only you have the passion and the power to make your business grow. So, come with your passion and get ready to make things happen!! Join me in improving our business community!
Updike's NewTowne Coffee Roasting Company and Cafe is located at 7726 Post Road in North Kingstown (across from the town's main Post Office). This is the fifth in a weekly series of coffee conversations to boost businesses in our community.
Have questions? Call me anytime at 401-667-0971.
See you soon-
Ann Marie
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