Making A Difference, One Business At A Time

Time for changeNo matter how long you have been in business, you will eventually need to change your operations. In fact, the best businesses are constantly innovating to adapt to the changing world around them. These changes could encompass anything from hiring new members of staff to raising your prices, or planning for growth. [Read more…]

What reports should I review each day as a business owner?

OLYMPUS DIGITAL CAMERAI review three reports each day: Cash, Accounts Receivable and Accounts Payable. If I had inventory I would also review the inventory report. [Read more…]

Don’t Hand Your Employees a Blank Check

Success Starts Here Freeway Style Desert LandscapeNot having a purchasing procedure is like handing your employees a blank check. While this may seem like an exaggeration, when you think about it, it is not the case at all. [Read more…]

How do I improve my bottom line?

OLYMPUS DIGITAL CAMERAHow do I improve my bottom line is a frequent question that I am asked and one that every business owner loses sleep over. When I am asked this question I purposely avoid answering it right away until I ask the business owner how they would do it. [Read more…]

Net Profit, Inc. Interim Accounting Services

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What happens when your controller leaves your company?  We were hired to manage this interim crisis while our client was seeking a new controller.

We spent 6 weeks with the client, where we:

  1. Assisted in the recruitment of a new controller.
  2. Obtained the full co-operation of the resigning accountant to the extent that her work was documented and up to date.
  3. Ensured the smooth handover of duties and responsibilities to the new accountant.
  4. Provided support to ensure that the day-to-day functions of the accounting department were kept current.
  5. Managed the accounts receivable collections of the company.
  6. Managed the accounts payable duties  and acted for the client as its liaison with their outside accounting firm, banking loan officer, and legal advisors.

Net Profit, Inc. has experienced financial professionals who are able to assist you in an emergency situation. We are experienced, knowledgeable, and will provide the leadership needed to manage any business crisis.

Contact us for experienced crisis assistance at netprofit25@gmail.com or visit our website at www.netprofitinc.org. [Read more…]

Define A Winning Culture

Companies that are struggling usually have an ill-defined culture or no defined culture at all. At the heart of a company’s culture are the core values that a company embraces. These core values define the principles that the company believes in. They define what the company and its management team are about. The company should communicate to its employees what they are and the company’s commitment to them.  [Read more…]

How to manage a business crisis.

IMG_1230I don’t know about you, but in my business career I have been in the middle of several crisis situations. I can look at that fact two ways, either I have the worst luck or I have been fortunate enough to learn to navigate my way through many crisis situations. [Read more…]

Helping Companies Achieve Outstanding Results

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When companies struggle with poor operational performance, it’s reflected in their financial performance:  stagnant or declining revenue and cash, as well as EBITDA and operating income that fail to meet expectations.  But addressing the problem is rarely easy.  It requires a combination of the knowledge of what to do, sufficient resources to get it done as well as the determination to ensure steady, sustained results are achieved.  When companies fall short in one or all areas, turn to Net Profit, Inc. for help.

We consider the entire product lifecycle and its supporting processes when addressing poor operational performance—from the time product developers are responding to market demand to when the end product ultimately reaches customers.  In doing so, we apply our operational expertise and resources to help companies substantially improve four key areas:

  • Operational Strategy:  We work with our client teams to develop a detailed operational strategy that defines the specific operational capabilities required for a company to effectively execute its business strategy.
  • Innovation and New Product Development:  We help develop solid business cases for where clients should invest their innovation resources, as well as build the processes needed to support pipeline and product portfolio management.
  • Supply Chain Excellence:  We identify specific opportunities and help clients implement changes across their supply chain organization.  We strengthen capabilities to enhance competitive advantage and improve overall operational efficiency.
  • Lean Consulting:  We apply Lean Manufacturing and Six Sigma principles to create a more efficient operation that yields sustained improvement in cost and quality.

Addressing the complex issues that can erode operational performance is one of the biggest—and most important—challenges companies face today.  Net Profit, Inc. can be a valuable partner in optimizing the contributions a company’s operations make to the top and bottom lines.

To get started on achieving outstanding results, contact us today. We will improve your operational performance.

The Unquantifiable Expense

What is the unquantifiable expense? Over the years I have had an opportunity to work with and run many companies. One day when I was out in the front office of a client just observing, something dawned on me, some employees were on cell phones, texting, talking and others were working on what was obviously personal business. [Read more…]

Healthcare Reform For Dummies

Understanding The Affordable Care Act (AFA) as we get closer to healthcare reform has become a hot topic for business owners. One of the main components of the (AFA), is the requirement that large employers provide minimum essential health insurance to full-time employees. It sounds straightforward, but how to stay compliant with it is much less so. [Read more…]