How do you grow a business with little increase in sales?

April 10, 2025
by a professional from The University of Texas at Austin - Red McCombs School of Business in Austin, TX, USA
Here are tips you can use to improve your business post-close:
You optimize costs.
When I consulted SMBs, I helped a business grow net income by 1800% with only a 65% increase in revenue.
How?
We:
- Cut major costs that didn't matter to customers
- Improved processes to expand gross margin
- Improved role descriptions so people know how to become A players
- Created net income calculations for each manager, so they had more autonomy and better decision-making
- Cleaned up the bookkeeping - need good data to make data-based decisions
- Introduced performance incentives, so each employee makes more now and knows how their work helps the company make money
Which one of these could help you?
Or tag someone who could benefit from this.
from The University of Texas at Austin in Austin, TX, USA