12d • General discussion
📈 How to Improve Profit Margins in 90 Days
Small changes. Big impact.
Strong profit margins aren’t just for large corporations — they’re essential for every growing business. The good news? You can make meaningful improvements in as little as 90 days by focusing on the right areas.
Here’s where to start:
1️⃣ Know Your Numbers
Clarity is power. Review:
- Gross & net margins
- Cost of Goods Sold (COGS)
- Operating expenses
➡ Identify your most and least profitable products or services.
2️⃣ Adjust Pricing
This is one of the fastest ways to improve margins:
- Implement small price increases
- Bundle your services or products
- Add premium offers or upgrades
Even minor changes can create major gains.
3️⃣ Reduce Unnecessary Costs
Look for quick wins:
- Negotiate vendor contracts
- Eliminate unused software/subscriptions
- Streamline labor or inefficient tasks
Cut what isn’t actively driving growth.
4️⃣ Improve Operational Efficiency
Inefficiency kills profits. Improve by:
- Automating repetitive tasks
- Standardizing your workflows
- Reducing errors and rework
✔ Better systems = Lower costs + Faster delivery
5️⃣ Prioritize High-Margin Work
Double down on what pays best:
- Reprice low-margin offerings
- Refine or reposition them
- Eliminate poor performers
Focus = Higher margins.
6️⃣ Retain More Customers
It’s cheaper to keep customers than acquire new ones:
- Improve onboarding
- Increase customer communication
- Offer loyalty & follow-up solutions
Retention = Sustainable revenue.
✅ The Bottom Line
You don’t need an overhaul — just targeted action.
Focus on pricing, efficiency, and high-margin offerings to see real results in 90 days or less.
How Smith CPAs & Associates Can Help
We help businesses:
✔ Cut unnecessary costs
✔ Improve cash flow
✔ Provide ongoing accounting & CFO support
📅 Book your FREE 30-minute discovery call today!
Drop a comment or send a DM to get started.
Book a free 30-minute Discovery Call Today! - https://meet.smithcpasassociates.com/meetings/sven-muller/internal-call-with-sven-muller?uuid=ce064c39-29c9-40df-ba84-356d4a53377e
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📈 How to Improve Profit Margins in 90 Days
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