Post
Topic
Board Economics
Merits 1 from 1 user
Re: How to increase profit in business
by
Juse14
on 24/07/2023, 18:35:51 UTC
⭐ Merited by ajiz138 (1)
Please feel free to drop your own ideas on how to increase profit in businesses.
I myself do business and to increase income in business there are two events that I do, namely;

The first, istiqomah/consistent. Of course, in doing business there are always profits and losses, and there are ups and downs. This is what makes many business people go out of business because they don't believe in the products they produce and the work they do and when they see other people's businesses in different fields and look more advanced, sometimes we are tempted to do the same business and leave the previous business. So this is where the need for confidence and consistency in the business that we do because who knows later our business will be more advanced than others because earlier that in doing business there are profits and losses and there are ups and downs, don't let a business that has previously developed you have started a new business. which in the end you will not be profitable but even losers

Second, evaluating the products produced and the business undertaken. Here it does not mean that I am not sure about the products produced or the business that is being done, but by evaluating the business that is being carried out, this will make it easier for us to find out why our business is not growing? Is the effort that is being carried out not optimal? or those who sell why our products are not selling well in the market,? whether the product that I produce is not feasible.?. With this evaluation, you can find out the shortcomings of the business you are doing, can minimize losses and can improve the quality of your business and can increase profits for the business you are doing.