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Funding a business
Finance Question: How To Deal With Inconsistent Profit Gains?
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[QUOTE="Yusra3, post: 337594, member: 31907"] Seesaw profits can be very frustrating. Relieve the mountains by creating a savings account that will have surplus revenues for emergencies to sustain operations during slower periods. Study losses in order to get to know the reasons for them- seasonal fluctuations, high expenses, shed clients and adjust your business model as well as projections to fit the realities. Diversify your offerings, introduce process improvement to reduce costs, and pursue new channels of revenue. It’s important to have strong contingency and adjustments capacity to weather out the shocks of short-term profit changes. [/QUOTE]
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Finance Question: How To Deal With Inconsistent Profit Gains?
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