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What makes some companies more profitable than others?

What makes some companies more profitable than others? Topic: Business plan financial examples
June 25, 2019 / By Deemer
Question: What are the similarities and the differences between profit and profitability? Provide real-world examples to support your answers. Thanks
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Best Answers: What makes some companies more profitable than others?

Bartlet Bartlet | 2 days ago
Profitability is your potential to make a profit in a business. Profit is the actual difference between what you spend and what you make in your business. It's money. For instance an entrepreneur who has already built five successful businesses has a good potential for profitability in a new business. But doesn't actually make a profit until sales exceed expenses in the new business. What most determines your profitability are the skills that you bring to your business. I recently wrote a two-part article on business profitability that you can access from the resource box. I list six vital skill sets for businesses. They are financial, idea generation, planning, management, marketing, and customer relations.
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Bartlet Originally Answered: Direct selling companies.what's out there for companies and product types?
You need to decide what it is you like because that is going to be the key to success in whichever company you choose. When you are passionate about a product, that comes out in your demeanor and people pick up on that. I have sold Avon before, and Blair, but neither worked out for me. I decided to try Pampered Chef because I like cooking and have been a consultant with them for 3 years. I love it. You made a comment... I like the idea of Pampered Chef but I mean really, once a person buys from you, they really have no reason to buy again. ...that is simply not true. I have several repeat customers because PC is always coming out with new products plus they have pantry items(seasonings,etc). But again you need to decide what you want to do and go for it. If you want info from me about PC, I would be happy to help/share. Best wishes
Bartlet Originally Answered: Direct selling companies.what's out there for companies and product types?
I have their lipgloss and it doesn't make me want to be like Paris Hilton! lol EW! I think the brand name is funny and pretty clever. Maybe the issue isn't the lipgloss, but it's that so many people actually say the f word.

Zavannah Zavannah
Profit is the profit generated during a particular period. Profitability is the ability of the organisation to generate profits. Companies are more profitable than others when: 1. They are more cost efficient and thus diminish the risk that profits are eroded by increasing costs. 2. Management is innovative and is able to develop new innovative products, like Apple. 3. Management is proactive to customer needs and wants and therefore has a good and improving standing in the marketplace. This can lead to higher sales revenue. 4. Employees are motivated in the organisation and therefore they are more efficient and effective. This helps in controlling operating expenditure. 5. Management adopted outsourcing operations that helped in reducing expenditure. For example, manufacturing operations were shifted to China where labor costs are much cheaper.
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Zavannah Originally Answered: Is it profitable to start a tree removal biz?
You are the only one that can figure that out as every situation is unique. You need to complete a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and write a business plan to prove that the business idea is workable. Go to http://sba.gov/smallbusinessplanner/plan... or http://www.score.org/template_gallery.ht... for instructions on how to write a business plan and sample business plans.
Zavannah Originally Answered: Is it profitable to start a tree removal biz?
Tree cutters wouldn't be doing it if they weren't making money. Whether YOU can make money depends on how well you know how to run a business.

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