Four Ways to Increase Profits in Any Business
There are only 4 ways to increase profits and revenue in any business.
It doesn’t matter if you're a brick and mortar retailer, a wholesaler, distributor, or even own a professional practice — there are only 4 ways to increase revenue.
One way is to go out and obtain brand new clients – which is difficult and expensive.
Another way is to increase repeat transactions, but that's not an option for most tax or accounting practices.
The third strategy is to increase fees, increase your hourly rates, which is all fine and good, but you may find yourself having uncomfortable conversations defending your actions with clients.
And, the fourth strategy is by far the most profitable because 95% of the income drops straight to the bottom line!
The 4th strategy is about bringing aligning your practice with continuity income, passive income, membership income.
Watch this week’s video to learn more about the fourth strategy!
Tax Resolution Practitioners:
Would you like to add $25,000 - $50,000+ of additional recurring revenue each year while doing the same amount of work you're already doing?
To learn more REGISTER HERE FOR THE WEBINAR on how to implement your own Audit Protection Plan to add additional revenue to your business.
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