Here are the main 3 steps to make your business profitable.
Get creative with reducing your overheads - Redirect some of your efforts to reducing your overheads. You may even turn your whole business operation to a remote working model, which will save you save untold amounts of cash you were spending on leasing office space, paying utility bills, and on office furniture.
Sell smarter - Growing revenue from sales isn’t always easy to do, but focus on these three time-proven methods for increasing profit for your small business: a) Raise your prices, b) Increase sales volume, c) Take on customer feedback
Embrace outsourcing - Paying an expert to handle tasks you don’t like or aren’t knowledgeable about can be a much faster way to profitability than doing it all by yourself.