The rivalry between firms’ sales and financial departments is real. Rather than seeing each department as a player with a different position in the same team, erroneous perceptions lead many to view them as opposing teams in the same sport. However, if a firm wants to achieve competitive advantage, it must understand the critical roles finance and sales play for each other. Read more
Blog - sales
By Mckenna Gustafson, blog writer at TOP CFOS
Much has been written about how to increase your profit margins, but it’s a lot easier said than done. Here are a few simple tips that you can start implementing in your business right now to start seeing an increase in your profit margins.
Remember that it is important to increase profit margins directly by directly manipulating the variables that will affect your profit margins. When you improve your variables as the bottom line, you will see the results come through in your profitability.