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Category Archives for "Increasing Profits"

The British Columbia “Health Tax” a Blessing in Disguise

The new “Health Tax announced in the reading of the 2018 BC provincial budget made it clear that the NDP/Green government wants to transfer the burden of the health care system onto the backs of BC businesses. The $500K payroll exemption excludes micro businesses from the new tax burden. However, based on an average annual […]

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Solving the Profitability Epidemic in Surrey

There is a profitability epidemic lurking amongst manufacturing and trades businesses in Vancouver and the surrounding area.  Although a large number of businesses are flourishing I have had the opportunity to meet with dozens of business owners of well established businesses who employ five to fifty people that struggle to break even.  In many cases […]

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Improve Cash Flow by Stopping “Just in Case” Management  

Improve Cash Flow Almost every business wants to improve cash flow. The one common phrase I hear from business owners who struggle with cash flow and profitability is “just in case”.  When I conduct a financial review of manufacturers, distributors, and trades businesses I often find they have too many employees or are carrying 50% […]

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3 Steps To Increase Profits by $50,000 in One Year

One of the biggest frustrations many business owners have particularly in the Manufacturing, Trades & Technology Sectors are lost profits due to underselling their products and services. I had a conversation with a Contractor in Surrey last month. He felt that he had to discount his prices to ensure he got the job. I asked […]

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Stop Using “Beer Case” Metrics to Run Your Business

Many business owners anxiously await the release of their financial statements so they can see how they are doing. At best the financials are reviewed monthly but more often than not they are reviewed on an annual basis. Measure Business Performance So how do these owners measure business performance in the meantime? They use the […]

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