BizSugar.com › Marketing › 3 Ways to Turn Profit Erosion Into a Positive for Your Business

Profit growth is not a one-angle approach. Yes, the main goal is to grow, grow, grow. However, many businesses neglect to watch the profitability of this growth. They forget that they can be losing money below the sales line, through profit erosion.

This type of profit loss often flies under the radar. It’s a slow, long-term change that can be so subtle that it’s difficult to identify its sources.

Because it’s difficult to catch then even more challenging to track down its causes, many businesses choose to ignore the problem altogether.

If this describes your business, you’re not alone. Keep these two important things in mind:

Profit erosion happens to almost all companies.
You only have two options: You can either do nothing about it or capitalize on it.