7 Questions That Grow Profits

Libertyville, IL – It is incredibly easy to get lost in the details of the day-to-day operations of a business and to lose sight of what’s most important. This is not just about your staff or team members ... this is for principals and business owners, too. Michael Murray, CPA offers several tips on how to enhance the bigger picture.

“What are the most important tasks in your business? Taking care of customers and growing profits. Add any trendy business philosophy you want on top of that, and it still gets down the same thing. Everyone on your team should either be adding revenue or helping to control expenses,” Murray said.

You should (constantly) ask your staff--and yourself--what they can do to help:

1.             Get more customers
2.             Keep customers longer
3.             Increase the amount of each transaction
4.             Control expenses
5.             Get more referrals
6.             Get testimonials
7.             Make operations more efficient
 
So, in that vein, here’s a discussion you can have at your next staff meeting:

* Review and discuss these 7 issues
* Ask everyone to write down the things that would help them do their job better (or obstacles that are in their way)
* Ask everyone to write down ideas for each of the 7 issues between now and the next staff meeting
* Review everyone’s first draft privately or as a group in your next staff meeting

“Everyone in your business must be involved in growing revenue or controlling expenses. They must see their role in that part of the business. And you, the business owner, must keep that discussion alive and dynamic,” Murray said.

Michael Murray will not only help you solve your tax problems, but he will also tell you what you’re NOT asking him that could save you a bundle of money, plus less hassle and stress from Uncle Sam. Give him a call (847) 362-4421, email murrytax1@gmail.com or visit his website http://www.accountantlibertyville.com.

Contact Information

Michael Murray

CPA

Michael G. Murray CPA

(1) (847) 362-4421

murrytax1@gmail.com