|
|
Article: Examine financials by product line. (Management Strategies).
- Article from:
- American Drycleaner
- Article date:
- November 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Have you ever been asked if you know your costs? It seems like a silly question--of course you know them. You know what you paid for your last box of hangers. You know how much you paid employees during the last pay period. Knowing these numbers will do little, however, to grow your business' profitability by expanding your product line.
There are many individual costs for a drycleaner. You can easily check the cost for every item purchased, but it will often be pointless. It's not just keeping track of these costs that makes the difference, but how you manage and record the information so that you can effectively use it at a later date.
The first step ...