Once you have your periodic reporting or monthly profit and
loss and balance sheet in place, you have to make sense of
these reports -
Where are you making money or losing it ?
What products or services are advantageous ?
Which customers are your most profitable ?
Which customers are missing from your turnover figures ?
Are your overheads right for the size of your enterprise
and do they take account of anticipated growth ?
Can you reduce your fixed costs such as rent and business
rate ?
Are there variable costs that can be saved to enhance your
net profit ?
Can you cut storage space or reduce stock levels ?