Keeping your business profitable
Pet Accountant, Victoria Clark, looks at how you can keep your salon operating profitably
O
nce you’ve started your own business you think you’ve taken the hardest step, but the most difficult thing is to keep your business profitable. So how do you make sure your business is making a profit and doesn’t make a loss? Always look for ways to improve You may think you’ve got the everyday running of your business spot on, but there’s always room for improvement. Keep an eye on improved software new to the market that may help to streamline your processes and save you vital time in your business. Nothing is ever perfect, so make sure you’re always in the know when it comes to new ways of doing things,
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keep an open mind. This could mean diary management software for example, make sure you do your research and compare prices every year.
they will understand your true worth, so don’t be afraid of scaring them away. I would recommend reviewing your prices every six months.
Price increases
Review your costs
Don’t be scared to charge your worth. Prices are increasing on a daily basis at the moment, so why shouldn’t this apply to Pet Businesses? If you feel that you’re getting busier and busier, then you are in demand. Make sure your prices reflect this. If your clients value what you do, they will understand the inflation of your prices. When you first start off in business you may feel that you need to undercharge to get those first few clients on board. Once you have them and you’ve made an impact,
Make sure that every few months you review your costs. What subscriptions are you paying for? Do you make the most out of the subscriptions you pay for? If the answer is no then make sure you cancel any unwanted subscriptions. When your outgoings come up for renewal shop around. You may feel like you don’t have the time to research but this extra time invested into research may save you money which is valuable to your business. If you have agreed rates with your
