How To Improve The Profitability Of Your Business

There are many matters that can indirectly affect the performance and therefore the profitability of a business.

During my next series of blogs I would like to talk about some of these issues:

1. External factors – the business at large (such as the economy, industry and legal issues)
2. Internal factors – within the business (e.g. accounting practices and management).

For now, I will look at some business at large factors, in particular industry decisions to be considered around corporate structures, competition and reliance on one industry.