I’m often asked, “Jackie how do I make my business profitable? I currently work hard, constantly expand my business, I have a decent market share, but I’m still not keeping much at the end of the day?” Well, that’s simple, use the virtual business strategy to lift off your profits.

Here are three simple steps you can take right now, today, to maximizing your business profits.

1. Pick your money drainers: Which department, processes, section of your operations is draining the most cash out of your business? Which is giving the least return on your investment? Do you have clients that cost you more to keep than what you make from them? Do you have too many employees doing the same thing over and over again? Try to think of two or three things that are just sucking your business profits, in case one or two are not so easy to take action right away.

2. Figure out your inefficiencies and eliminate them: Sketch on paper the process bottlenecks. Write down the parts that are being duplicated. See if your customer service is effective or if you are losing too many clients. See if you are still using paper filing system for your documents. How about promotional printing that can be converted to online marketing? Can your non-customers facing employees work out their homes? How about your communications system, are you wasting thousands of dollars on LAN lines and paper faxing?

3. Implements systems and digitize them: This is where the virtual business strategy comes into play. Choose a virtual communication system to eliminate expensive LAN phones and fax costs. You may want to streamline your customer service and implement an online support desk. Think about implementing online Customer Relationship Management and Document Management Systems to eliminate all paper inefficiencies. Move your non-facing customers to work from their homes, since you have everything online now, they will be able to access all information from the comfort of their homes.

Follow these 3 steps and drive thousands of wasted dollars to your bottom line. Actually, eliminating inefficiencies and operating costs is pretty simple, once you get the hang of how a virtual business works, but there are things to consider before you start. Pinpoint your money drainers first. Start with the one that is sucking the most money out of your business. Re-design your current processes to make it effective and digitize as much as possible. Then eliminate or move your non-customer facing employees to work from home. Eliminate all that wasted office space; reduce your utilities bills, unnecessary supplies, desks, etc. You’re now maximizing your business profits!

To help you out, I wrote a FREE REPORT: “You’re About To Learn ‘Secrets’ that Most Business Owners Will Never Know About How to Really MAXIMIZE PROFITS!” … visit the Virtual Business Dashboard and get your FREE report.

Small Business CRM, Virtual Business