Profit is the monetary value of the reward that the company receives for its work. Each leader strives to increase profits - the means for acquiring the benefits of civilization. But how can you get the most of it?
Instructions
Step 1
Identify the groups of factors that affect the amount of profit. These are external and internal factors. The main internal factor is the income from the sale of products. Organize the work in such a way as to increase not the volume of manufactured products, but the volume of products sold. Watch market demand - produce the right products.
Step 2
Reduce production costs, i.e. its cost: for natural resources, raw materials, basic and auxiliary materials, fuel, energy, fixed assets, labor resources and other production costs. Also reduce non-production costs. This may include renting an office in an expensive location, car maintenance, additional staff, etc.
Step 3
Set the prices at which the gross income of the company, i.e. the amount of revenue would increase, in turn leading to an increase in profits.
Step 4
Review the depreciation charge. Sometimes their amounts can be significantly reduced.
Step 5
Increase the factors that affect profit margins. Make a technical upgrade, thus increasing production growth, which is a direct road to the cherished goal. Improve the conditions for selling products. Improvement can occur with the modernization of the settlement and payment system, as well as with correct and prompt delivery to points of sale.
Step 6
Increase profits from other activities of the enterprise, i.e. sales of fixed assets, securities, currency values, etc.
Step 7
Watch out for external factors affecting the amount of profit: the price of resources for production, transport conditions, natural conditions, socio-economic, etc.
Step 8
Introduce strict discipline to avoid human error downtime.
