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Increase Profits by Focusing on Profit Margin

I’m not sure how to increase profits, and effectively manage profit margin. I don’t want low-margin sales and don’t want to sell low-margin products. But it’s hard to turn down opportunities from clients that have work for us. Thoughts of the Day: Take a look at your mix of business overall. Having a mix of…
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Building Inventory Management Best Practices

Are we keeping too much inventory on hand? And if so, how do we get it in hand? How do we build best practices for efficient and effective inventory management? Thoughts of the Day: Inventory management can be tricky. Figure out how to predict upcoming orders. Pay attention to prices, too. Look for suppliers that…
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Family Owned Business: Set Company Culture

We’re a family-owned small business with a history of saying we’re family oriented with all of our employees. But we’re having trouble explaining what that means to our employees and potential new hires. Thoughts of the Day: Smart companies pay a lot of attention to culture and fit. Family owned businesses can mean different things…
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Create Tailored Job Descriptions – A How To

We’re wrestling with how to specifically tailor job descriptions to each individual, so we’ll know exactly what we would want people to handle. Feels like a lot of work. Want people to accept and embrace the results. Want to be as clear as possible about what’s expected. Thoughts of the Day: Create a map of…
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Building Strong Teams Through Leadership

We are a group of headstrong people. Don’t get me wrong, we’re a great team, with great ideas. The question is just how to mesh with each other. Thoughts of the Day: Strong leadership is crucial for any successful team. First come strong leaders, then come strong teams. Focusing on common goals can help people see…
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