Category: BUSINESS

Tweet Pint it Share Experts have said that insuretech should be formalized in Bangladesh. They say the role of insurance companies needs to be strengthened to bring about exemplary change in…

Tweet Pint it Share The two friends grew up in Dhaka. After studying at North South University, he worked in local and foreign institutions. You plan while doing the job…

Tweet Pint it Share Importing the current high inflation, it is true. But not the whole truth. It has been said only once in this year’s budget speech that inflation…

Tweet Pint it Share Bangladesh imports large quantities of soybean oil from Argentina, a South American country. The price of crude soybean oil imported from the country has come down…

Tweet Pint it Share Thousands of farmers who lost their paddy this Boro season due to excessive waterlogging amid untimely rain and a labour crisis in the country’s northern region,…

Tweet Pint it Share Laptop clients in Bangladesh are set for a greater hit as the burden of a 15 percent esteem added charge at the import phase of the…

Tweet Pint it Share Pricing should be reviewed. Always check in with your customer to see how your pricing was received. Customers may be willing to pay a premium to use your services if you lead a company that takes pride in providing excellent service. However, the only way to find out what their budget is is to ask and receive feedback. Although you and the company may not be earning as much as expected based on your original quote, I believe that doing a job at a lower rate is preferable to not doing it at all and can open doors to future opportunities. Service Cutbacks This may appear to be an unlikely way to make more money, but it could save you a lot of money in…

Tweet Pint it Share 1. Four methods for increasing business profitabilityProfitability can be increased by focusing on four key areas. These include cost reduction, increased turnover, increased productivity, and increased efficiency. You can also enter new market segments or create new products or services. This guide explains how to assess your company’s profitability, deliver bottom-line growth, and plan and manage change. 2. Keep your expenses under control. Profitability can be increased by closely managing your costs. Most businesses can find ways to reduce waste; however, it is critical not to cut costs at the expense of the quality of your products and services. Have you examined your key cost areas? The following are the key cost areas to consider: Suppliers – Are you getting the best price from your suppliers? Are you able to negotiate better terms, or…

Tweet Pint it Share Guide to Increasing Profits in Ten StepsYou can increase your company’s profitability by cutting costs while increasing turnover and productivity. Profit margins that are healthy can make it easier to plan for change and growth. Try some of these key methods for increasing your company’s profitability: Determine which areas of your business could be improved or made more efficient, such as production or administration. Learn about the importance of process and resource efficiency. Use key performance indicators (KPIs) to identify and address your company’s weaknesses and problem areas, such as rising costs or declining sales. Learn how to assess performance and set goals. Find ways to reduce your company’s waste; doing so can help you save money on waste disposal. You could also consider reducing your raw material consumption. Sort your customers into sales categories based on the amount of sales and profits they generate, and then adjust your pricing and…

Tweet Pint it Share Tobacco use was one of the minor vices in the early twentieth century. Tobacco chewing and smoking were generally viewed as part of a larger group…