Enhancing Profits in this Economy

Enhancing profits in the present economy can prove to be quite a challenge for your vending business by Natural Choice USA. Most professionals understand that changes in the economy, up or down, offer opportunities to enhance profits. For the time being, it seems that the economy is moving from recession to recovery.

As an Antares vending operator, you need to find ways of enhancing profits for your business. Here are some of the options.

Staffing: Don’t wait

Some time back, it was impossible to hire and retain a warm body. Employee turnover was so high that you never had time to properly train your people, which made your business suffer. The recession had created a large pool of quality unemployed people to fill the empty slots in your organization chart.

In anticipation of improved sales, now might be the best time to recruit and train middle management and supervisory people. These people are available today at low cost.

Price and commissions

Most operators have some locations where employment levels dropped to the point where it hardly pays to maintain the location. In such a situation, it would be best to visit the customers and request higher prices or lower commissions. It is a lot easier to get a positive response when the customer feels that you are doing them a favor by maintaining the service.

Borrow better

The interest rates are lower than they have been since the Great Depression of 1929. That means that this is the best time to borrow money, if you can find someone to lend it to you at fixed rates.

One way for Antares operators to borrow at fixed rates is to refinance the equity in their buildings. If you have enough equity, use the proceeds to pay off higher priced, non mortgage debt.

Considering an acquisition?

Hard economic times are difficult for everybody. A competitor who spurned the generous offer you made there years ago may now be hurting badly enough so that he is forced to accept any offer. Even if that company is losing money, things will change when it gets folded into your Antares operation. A whole set of costs disappear and that can make the business extremely profitable for you.