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2 vital tips for the day that your business hits profitability

Tom Winnifrith
Friday 22 February 2013

Another one of my occassional articles for on tips for SMEs or small businesses.

The restaurant I took control of six months ago hit that magical point last week. Hooray! It is no secret that the Real Man Pizza Company, which I bought in September, was historically a consistent and heavy loss maker. But we have done the basic things that others neglected to do: cut overheads, squeezed suppliers, adjusted prices that hadn’t changed since Harold Wilson was Prime Minister, upgraded, tweaked and improved the product offering. It was not rocket science. And it has worked. For a couple of months it has been making an operating profit. Last week it made a small profit including the central cost (me). So what next? It is the point any start up or turnaround business purchase dreams of hitting, but what next?

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About Tom Winnifrith
Tom Winnifrith is the editor of When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
[email protected]
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