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Six Steps to Creating Profit - A Guide for Small and Mid-Sized Businesses by Patricia Sigmon

April 17, 2012 | Comments: 0 | Views: 112

Six Steps to Creating Profit by Patricia Sigmon is an easy to digest checklist for improving your business operations and driving profits. This book is targeted at existing businesses looking to answer the problems of cash flow droughts, shrinking profits, disappearing customers, slowing sales, new competition and a flagging workforce.

In the book, Sigmon walks business owners through the six key steps to revitalising existing businesses and then provides a series of checklists for each step. Personally, I find these checklists to be worth the more than the value of the book itself and have instituted their use in my own business, however that is not to dismiss the all important value of the sage business advice Sigmon provides to entrepreneurs and business managers.

The six steps do more than simply provide a roadmap for business profits. They provide a thorough audit of current business operations and acts to refocus business owners on the things that really matter. The things that, in the day-to-day hurly-burly of running a business tend to get lost, like the focus on net profits, positive cash flows and remaining relevant in an ever-changing market environment.

Sigmon has the business owner questioning every business operation, and suggests a re-think about how each is currently done and how you can innovate to provide improved profitability and efficiency to help drive profitability.

Each of the six steps is fleshed out in detail, highlighting the impacts and benefits of each, especially in relation to profit, cash flows and revenue generation.

While this book is primarily focussed on existing businesses, entrepreneurs about to launch their own enterprise and wanting to create a culture of continuous improvement in their business would also benefit from reading Six Steps to Creating a Profit - A Guide For Small And Mid-Sized Service-Based Businesses.

Karen L. Paiyo is an Australian Small Business Counsellor, supporting and nurturing the spirit of entrepreneurship in the Asia Pacific Region. Karen empowers small business owners by transferring to them the skills and expertise needed to help them take their business ideas from creative concept to profitable reality, faster and with less risk.

For more small business articles, news, tips and business advice, check out her website at

Source: EzineArticles
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Article Tags:

Creating Profit


Small Business Profit


Making Money


Business Improvement Checklist



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