Use your business plan as a road map for your company’s success.
Remember that increasing revenue does not automatically mean increased profits.
Keep your costs in check.
Use quality initiatives throughout your organization.
Profitability depends on human issues, not just balance sheet measures.
Although the routes to profitability discussed in this article are particularly important to the small or medium-sized enterprise (SME), they are broadly applicable to firms of any size. When reviewing these five key steps, ask yourself how many you can implement in your firm—or in your division or team if you work in a larger enterprise.
Review the following five points, and see how your business stacks up.
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