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