30 Ways To Help You Make More Money

Here are small business services that will help you Make & Save Money:

  1. Send out customer statements on time so you can get paid
  2. File all customer invoices so that nothing gets lost
  3. Track late payments in order to resolve these problems quickly
  4. Ensure that you stop serving customers who aren’t paying their bills
  5. Safeguard good customer relations by properly recording all payments
  6. Accurately calculate interest, and collect it from overdue accounts
  7. Reduce the need to borrow money due to poor cash flow
  8. Ensure that you don’t lose sales because items are out-of-stock
  9. Stop wasting money buying more of what isn’t selling
  10. Set your sales prices based on profit instead of conjecture
  11. Concentrate on selling the most profitable items instead of the easiest ones
  12. Identify profitable cross-selling opportunities
  13. Avoid selling products at a loss because you don’t take markdowns on time
  14. Know which money-making product lines to expand, and which ones to drop because they’re money-losers
  15. Discover theft before it becomes a problem
  16. Never pay a bill twice by mistake
  17. Never lose a discount by paying a vendor late
  18. Reduce the need to borrow by planning for your payment due dates
  19. Maintain your good credit rating and keep your borrowing costs low
  20. Obtain better credit terms based on your good payment history
  21. Know how much payroll and sales taxes you owe, in order to avoid penalties and interest
  22. Never write a bad check
  23. Never pay another bad check service charge
  24. Make sure all your cash receipts are credited to your account
  25. Know when you have excess cash so that you can put it to work
  26. Track your expenses in detail so you know which ones can be reduced
  27. Never spend beyond your budget
  28. Get the maximum tax deductions for the expenses of running your business
  29. Learn how much profit you’ve made, and what your business is worth each month in order to:
    • Know when it’s the right time to grow
    • Know when it’s the right time to hold back
    • Plan accurately for taxes
    • Comply with the reporting requirements of any business loan
    • Respond immediately to any supplier’s or customer’s request for financial information
  30. Figure your profit on a cash or accrual basis so you pay the lowest taxes
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