Things that Business Owners could do to Maximize Profit

Posted on February 23, 2018 at 12:40 AM

 Identify the area where there is need in your industry and discover the way to provide solution

 Focus more on efficiency and creating good customer experience

 Proper and timely Bookkeeping to give you an accurate picture of where you are

 Tax planning to claim all allowable business expenses and credits

 Good record keeping, good internal control, cost goods and dervices properly to avoid loss

 Have business budget, forecast and current financial reports for decision making

 Pay yourself salary and bonus instead of dividend

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