By The Numbers - Liquor Loss Prevention

By Tyler Cumberford

One good exercise that everyone should be doing in their business is evaluating numbers that affect their bottom line. Recessionary times force many businesses to re-evaluate current business models to increase efficiencies and replace lost revenues with unrealized profits. In the end, there are only two ways one can achieve growth; increase revenues or cut costs.

While most will agree it is impossible for one to cut their way to profitability (increasing sales is always preferred), cutting unnecessary expenses can increase operating cash flows without having to generate new revenues. So in tough times when sales may be lower that you are used to and can’t always be counted upon,this exercise can find dollars that otherwise may have been lost. (read more)