Dog Health Questions: How can I increase my profit margin?

I own a successful dog training and walking business grossing over $100,000 a year but have very little cash left over. How can I learn more about increasing my share of the pie?

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Recommended Answer:
by looking at your expenses and P&L sheet.

1. can you buy food elsewhere or in bulk to lower costs.
2. can you swap to part time help over full time to remove insurance and overtime pay.
3. do lights need to be on all the time, some can go off
4. pipe all the gutters on the building to a water cistern. use free rainwater over PAID city water for clean up, watering animals.
5. do you really need a loan on the company car/truck
6. add a small store, toys, chew toys, leashes, helps off sets other costs
7. just a matter of going through all you spend and penny pinching.
8. lack of cash flow w/ 100k in sales shows you are spending too much or pay too much rent or have too many bills, shrink them.

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• One of the way is to get the financial institution or banks to finance your business in this way you have a better financial power to expand your business.
  
  The problem most small businesses is that they are unwilling to partner with financial institute to structure their expansion plan as it means taking credit risk.
  
  But if you manage the risk well, you can grow your business exponentially. I had a friend who has pet food store. initially with his own capital, he can only manage one store. But with financing from banks, he can pay for more supply and set up more store and therefore generate more business and create a better brand name.


• Either raise your prices or lower your expenses.