How to make an unprofitable business profitable? It is not impossible. It is knowing where to start.

You have been in business perhaps a couple years, the business is not losing money. But it is not as profitable as planned. It is not giving you the lifestyle that you promised yourself!

You are now realising the differences between being an employee and being your own boss.

You are now taking the risk of running your own business, you are probably your businesses only employee.

A realisation that in addition to running the business, you also need to work in the business.

The core skills that you trained for and acquired whilst an employee probably make up less than 30% of the skills required to be self-employed. The other jobs that you are now having to do. you never knew existed.

Do we still have your attention then keep reading.

We might just have the solution for you.

But before we proceed you need to know that there is no magic wand. You will be required to put time and effort into making your business into the business that will give you the life-style that you dreamed of when you became self-employed.

Prepared for that then continue to discover How to make an unprofitable business profitable.

Introducing the IAE Toolkit. An active based learning programme. Which means, and again we stress, time and effort is required.

It is a series of workshops, note workshops, that cover the foundations of running a business.

Note that the word foundation was used – would you start to build a house without having foundations.

So why start a business without understanding the foundations of running a business.

The IAE Toolkit includes workshops that cover the three basic elements required to be successful in business.

• Mindfit Mindset – Discover how to develop the mindset from being an employee to being your own boss.
• Marketing Mastery – Learn to understand your market, how it changes through time, your product and how it fits in with your customers’ requirements.
• Money Management – Establish an understanding of the implications of the financial decisions that you make every day, Importantly, it is not to make you into an accountant.

Remember – The goods and service that you provide is solving a problem.

Do you know what that problem is?

Are you prepared to put in the time and effort?

Great – CLICK HERE to discover How to make YOUR business more profitable with the IAE Toolkit.

This article has been written by IAE Founding Member J Malcolm Dean

J Malcolm Dean is a seasoned entrepreneur who transitioned from his accounting background to broader business management, holding Managing Director roles in various SMEs to enhance profitability and efficiency. His entrepreneurial ventures, including an online pottery business, gave him deep insight into the unique challenges of SMEs. As Chief Executive of the Institute of Financial Accountants (IFA) and International Association of Bookkeepers (IAB), he shaped global business education to meet real-world needs. Malcolm also founded the Alliance for Promoting Management Excellence (APME) to provide SMEs with practical skills through courses and webinars in collaboration with the International Alliance of Entrepreneurs (IAE).