Your essential guide to
effective
'Finance'
 |
Good
financial management is the life blood of
your Security
Business, it tells you how well your business
is working and WHY!
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Here
are some useful financial tips to help you
on your way! |
- Never
rely on a friendly supplier -
always have two or more suppliers
to compete aggressively with each
other for all
aspects of your supplies.
- Always
know the ‘breakeven point’
of your key products and services
and how that will change if you
lower or increase your prices.
- Try to
only use suppliers who can deliver
products fast and reliably to
your business; that way you can
reduce your expenditure by keeping
your on-site stock of products
to a minimum, and where possible
insist on sale or return.
- Do not
spend your hard earned cash on
advertising that simply does not
work! Test and measure all aspects
of your advertising for the return
on your investment.
- Cash
flow is crucial to all security
businesses - consider offering
a prompt payment discount for
your customers as well as interest
charges for late payers.
- If you
are hiring sales executives always
make sure that a large part of
their salary is derived from sales
commission - consider an ‘open-ended
bonus scheme’ where the
more they sell, the more they
earn and so does your
business !
- Always review the competitiveness
of your company’s Bank.
In today’s world the banking
industry is very competitive and
simply shopping around can save
you thousands in loan repayments,
interest charges and mortgages
etc.
- Most
security businesses have areas
of untapped wealth - learn to
identify them, then utilise them
to maximize your profits to their
full potential. You will be amazed
how your finances can be rapidly
improved!
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To
stay ahead of your competitors and help
you on your way to substantial financial
rewards, just fill in your details below
and you will receive more of Barry’s
FREE ‘highly
effective and exciting Finance and Security
business tips’ in seconds! The advanced
tips on this site have helped Barry boost
his client’s sales and profits by
100 -200%.
You must
be a UK Security Business owner or manager
to receive this material!
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