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Business strategy
3 practical ways of increasing the net profit of your business
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[QUOTE="Augusta, post: 250585, member: 25283"] You got them right increasing the net profit of a business should be one outstanding thing that every business should seek to achieve.When there's an increased in the net profit of a business, any business owner would know they are making the positive impact that was anticipated. Before now there must have been a kind of percentage increase the business wanted to experience and the truth is that such percentage is possible all you need do is to work on increasing your net profit and it would be achieved. The first thing is to fight with the expenses of the company. There's no way a company will run with high overhead expenses and will have high netprofit so it is always a call to a company to seek out ways by which expenses can be reduced to it's barest minimum if netprofit should be higher. Again, the net profit should be increased through a good price increase margin. The company wouldn't have to be afraid of the a price increase if the products and customer service have been superb customers would still want to patronize the business so doing this will help to increase the net profit of the business. [/QUOTE]
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3 practical ways of increasing the net profit of your business
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