6 Ways to Increase Profits in Your Cleaning Business
Unless you are a non-profit organization, we imagine you want to own a profitable business! Profits can be defined as the mathematical difference between revenue and costs. In other words, as long as your revenue (money earned) is higher than your cost (money spent), you will reap some profit.
The janitorial industry is, unfortunately, cost-heavy. Cleaning products and equipment – the cornerstones of your business – cost money. Hence, it becomes harder for cleaning businesses to increase profits. But, despair not, for there are ways to make profits and keep your business alive, while continuing to satisfy your clients. Some useful techniques include: (a) ‘Cleaning’ up your business to ensure that only profitable services are offered – unprofitable services should be removed in order to reduce unnecessary cost and avoid losses; (b) improving productivity by usingeffective equipment and well-trained employees; (c) managing your prices and expenses intelligently – for instance, unrealistically low prices will not only lead to losses, but might also lower your brand equity.
Click on the link to watch a video that outlines six useful techniques to improve profits: http://www.cleaningbiz.tv/2013/06/63-6-ways-increase-profits-cleaning-business/