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Profit Solver will show any product based company how to competitively calculate and adjust their prices based on actual costs, where they know the exact profit in every price, and based on the frequency of the service, will show how one product offsets the other to create and form profit.
Businesses can immediately focus in and identify competitive losses, where they are offsetting those losses and where they are not. You will know the exact cost burden of labor and overhead for each item sold.
Consultation time varies: It will depend on: the number of employees; the amount of equipment and inventory you have; the number of items sold.
Profit Solver provides product based business owners with customized solutions and is a powerful planning tool, which focuses on the businesses intelligence needed to create and maintain long-term profitability. Profit Solver should be the first step any accounting program. Any business owner can easy see the following:
• How one product offsets the other to create and form profit
• Know the exact breakeven or profit in every fee charged
• Know what prices to charge based on their cost structure
• Know how to remain competitive by offsetting “loss-leaders”
• Input different desired profits and know what to charge
• Input different employees’ salaries and know what to charge
• Input different employee production hours and know what to charge
• Input a different overhead level and know what to charge
• Lower business overhead
Implementation of the Profit Solver software and system allows the business owner to perceive his or her predetermined path to profitability. The business can then focus on the following areas:
Understand the correlation between their labor, productivity and profit
Understand the dynamics and correlation between their labor, equipment and inventory costs and what they charge
The overall direction of sales and research efforts
Define what they need to charge in order to break even
Find out how to be competitive for certain services
Use it as a tool for budgeting and forecasting with real numbers
Define where they need to improve – is it labor, inventory or equipment-related?
Monitor their employees productivity, is their time making you profit?
Set productivity goals for their staff
Get better understanding from their staff that their time and salary is directly related to what you charge, build teams!
See what they need to charge to offset salary increases, bonuses, benefits and projected Salaries
Review their suppliers’ prices – are they in line with their labor and equipment costs with what they need to charge?
Find out how their prices for inventory can be still be competitive against inventory bought on the internet
Understand how overhead increases can be incorporated by setting the desired profit
Understand what they can do to lower their overhead
Find out what to charge to be able to replace or buy new equipment