Apr 17, 2017 at 07:00 AM

5 Secrets to Improving Your Small Business Profits

By Alexandra Trujillo

By Nicole Fallon Taylor, Business News Daily Managing Editor 

5 Secrets to Improving Your Small Business Profits

Every business needs to earn money to keep itself going. In a standard, for-profit company, your profit margin — the difference between your sales revenue and business expenses — often dictates your ability to grow and expand. But as a small company, how can you gain the momentum you need to increase that margin? Whether you want to get your startup on the path to profitability or simply increase your overall profit margin, here are five ways you may not have thought of. 

1. Focus on your customer experience

The people who purchase your products or services are the reason you have profits at all. It makes sense, then, that increasing those profits begins with honing in on the customer experience, said Yossi Caspi, general manager of North America for Nanorep, a provider of customer self-service solutions.

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Posted in Small Business Financing.







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