BUSINESS CORNER
TECH NEWS
P R O D U C T W AT C H
A S S O C I AT I O N N E W S
HOW TO INCREASE
PROFITABILITY IN 2021 IN THE NEWS
Per US A S S OChamber C I AT I O N I N Sof IDER Commerce Panel
Heading toward the midpoint of Q1 (yes, we’re already almost there), it’s a good time toOsee of Commerce (USCC) in I NChamber DEX SP T Lwhat I G H Thelpful tips are provided by the US general and specifically applicable to 2021. A USCC article called “How Can I Increase My Business’s Profitability?” and others from various U.S. business management authorities agree on the basic and more advanced management advice offered below for small and medium-sized businesses in the first quarter of 2021. Expert recommendations include everything from
above mentioned USCC article and others (including
surveying your business’s internal profit-building
some listed in the Additional Resources, to help
environment to identifying when and where to pivot
portable restroom rental services businesses refine
your business model, as needed, to shift along with
2021 strategic plans, as needed, to move forward
changing times in the local, regional, or national
from the unusual conditions of 2020 toward realizing
economy.
broader profit margins in 2021.
WHAT KINDS OF ADJUSTMENTS ARE MOST RECOMMENDED TO BOOST PROFITABILITY?
BEST STRATEGIC ADJUSTMENTS FOR SMALL BUSINESSES TO INCREASE PROFITS
The USCC article, along with others listed in the Additional
The USCC article is from a panel session that brought
Resources list following this article, provide a collective
together nationally recognized business management
wealth of excellent (including many not often discussed)
thought leaders and asked them to recommend
both highly-relevant classic wisdom as well as COVID-
solutions for some of the country’s biggest current
considered current ideas for refreshing components of
challenges for small and medium-sized businesses.
sales and marketing presentations, policies, and systems,
Rising to the top of the list of serious difficulties is
auditing client experience and CRM process, branding,
identifying and successfully implementing the best
waste cutting practices, and on and on.
methods for boosting profitability in small businesses
Below are the encompassing key ideas offered in the
8 A ME RIC AN L IQUID WA S T E F EBR UA RY 2021
looking to grow this year.
Vi si t Us
