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Push your profitability to perform properly

Many small businesses keep their prices low for fear of losing customers, but end up losing money as a result. Laurence Harrould discusses how to move your business from a non-profit organisation to a cash cow. Increasing profitability can only be done in two ways: increasing revenue or reducing costs. We will look at both these options and explore which works best. We’ll start with a business, such as a coffee shop, which sells items (see Table 1). Customers 3000 Number of purchases 24 Average sale price $15 Sales 1,080,000 … more »

With the number of Australian small businesses growing, NETT provides a one-stop shop of information to get your business working for you. Crammed full of helpful articles, tips and small business advice, NETT gathers expert advice from Australian small business owners, industry experts and online professionals and houses it all in an easy-to-follow format. Reaching across a wealth of topics from technology to search optimisation and resources. NETT focuses on assisting Australian small business and providing better business advice to allow you to build a strong online presence.