Small changes can make a big difference. You can greatly improve your business profit by adjusting specific metrics by as little as 1%.
Profit Improvement Strategies: The Power of One
Using your historical financial information, you can analyze the impact that a 1% or one day adjustment will have on your profit and cash flow, and ultimately the value of your business.
In the example above, a coffee shop that decreases their cost of sales by 1% can increase their cash flow by over $56,000 and the net profit of the company by almost $47,000. Increasing their average days payable by just 1 day creates an additional positive cash flow of almost $13,000.
The Best Business Advisor to Improve Your Profit
If you want to explore the potential impact of changes you’re considering or you want guidance on what adjustments to make to increase your profit, KWB Accountants & Advisors can help you make the best choices with the best information available.
Learn more about how the Power of One can help you improve your profit here.
Book an introductory meeting to learn more about how your business will benefit from KWB Accounting & Advisory services.
