Do you want to know how to increase the value of your business? Give the buyer (investor) what they want. And what does the smart investor look for when they are considering the purchase of a business? They look for a company that can achieve above average returns with limited Read more…
Change At LSL, we’re always trying to share business development strategies to help our clients run a more successful business. These ideas and strategies have proven to be effective in many different types of businesses. However, for you and your team members to effectively implement these ideas you need to Read more…
One of the biggest benefits of moving your books to the cloud is the ability to utilize bank feeds to speed up your accounting and monthly closing processes. What are bank feeds? Bank Feeds are downloaded, cleared transactions from your bank or credit card company that is imported into your Read more…
Profit Drivers I’ve often said, focusing on the bottom line in business is like playing tennis with your eye on the scoreboard. To be successful in today’s marketplace you must keep your eye on the underlying factors, the drivers that create profitability. The following is a list of nine elements Read more…
Developing a Profit Improvement Strategy To improve your profitability you must either make a larger gross margin on each dollar of sales or sell more without increasing your fixed costs. It goes without saying that the biggest improvement will occur if you can achieve both simultaneously. Improving your gross margin Read more…