The 21 Things Highly Profitable Businesses Do That Less Profitable Businesses DON’T Do
Statistics show that only 40% of small businesses are profitable. If you’re not one of the 40%, or if you want to know what you can do to be MORE profitable you need to download this free e-book.
Fill out the form to get your free copy of “21 Things Highly Profitable Businesses do (that less profitable businesses don’t do)”
Statistically only 40% of small businesses are profitable, 30% break even, and 30% are continuously losing money.
But what do you need to do to make sure that you are in the profitable 40%?
In this e-book you will learn the results of a study of over 100 Australian small business owners identifying the critical business practices that link to business profitability.
It doesn’t matter what industry you are in, how large or small your business is, or how long you have been in business….
By Reading this 32 page e-book you’ll learn
The Most Common Reasons for Business Failure
Estimates are that one in three new small businesses in Australia fail in their first year of operation, and two out of four by the fifth year.
The most common causes for business failure are NOT poor products or services, but rather failure to implement effective business practices typically resulting from lack of experience and education in how to run a profitable successful business.
The 21 Business Practices that Determine Business Profitability
Discover the findings of the Better Business for Good Company analysis of data collected from over 100 Australian small business owners identifying the key business practices that determine the probability that a business will be profitable and successful.
Key areas include planning, branding and marketing, financial management, customer relationships, systems and technology, risk management and teams.
Here’s what we found:
- All of the businesses in the study who had implemented less than 30% of the key business practices identified were losing money.
- All those who had implemented 50% or more were at least breaking even.
- All of the businesses in the study who had implemented at least 80% of the business practices identified described themselves as profitable or highly profitable.
BE A SUCCESS NOT A STATISTIC: Review the key business practices for yourself and discover opportunities to improve the profitability of your business.