The second of the THREE numbers that you can change to impact your Profit is Cost of Goods Sold.
Today I will be share with you my top three tips to decrease your Cost of Good Sold to positively impact your Profit & Loss.
My top three tips are:
1. Buy in Bulk to receive discounts
2. Ask for better payment terms
3. Automation
Once again, if you focus on even one of these strategies over the coming three months, the impact on your Profitability will be high.
Take time this Christmas period to strategies how you can implement even one of these strategies in your business.
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