What you should remove from your product portfolio

Hello readers, hope you are all good. Today, I will be writing about products that you should remove from your product portfolio in order to increase profitability especially in situations whereby your cost exceeds those of your peers. Here they are

Break-even

When a product continues to fall below the break-even point after the predicted number of years it will take to break-even, since its contribution to profit does not cover the fixed cost then the product should be removed from your product portfolio . Removing the product will help boost your profit.

Stagnant growth

When you introduce a new product to your business market and realise that the product is stuck in the introduction stage of the product life cycle you should remove such products from your portfolio as such products are more likely to be making losses.

Products that are making losses

You should identify products that are bringing you losses and stop producing them. Since your aim is to increase profit.

Make sure your business is halal. Everything should be done seeking the pleasure of Allah. Part of seeking the pleasure means hoping for a reward from Him in this life and the Hereafter. Everything happens according to the will of Allah (you have freewill, therefore, you are responsible for your actions).

Halal means anything lawful Islamically.

Alhamdulillah (Praise be to Allah). May Allah send peace and blessings to Prophet Muhammed (P.B.U.H). Thank you for reading this article. Like this page on facebook. Keep reading this blog regularly. Cheers!

Comments

Evil: Lekki Central Mosque

Asalam alaykum There are mosques and there are evil places that call themselves mosques, Lekki central mosque is one of those places such an evil place. The so called chief imam Ridwan Jamiu is also fake. A mosque, they have two floors. I thought women where suppose to be upstairs and men downstairs. Yet, he allowed women to be entering the part where men enter, seeing women and men walking and passing through the same door. Women praying downstairs with no division between men and women. When I asked him about it, he said it is allowed. How is that allowed. Islam does not encourage the mixing of different sexes. Where ablution is done in the female part is sometimes dirty, when you are suppose to do ablution in a clean place.The toilets there were dirty and they face the qibla. Toilets are not meant to face the qibla according to Islamic law. There is one toilet there that did not face the qibla. A pit latrine, which i find odd why would there be regular toilets and one pit latri...

Eid Mubarak

Hope you have a good one

Quran 3:56-59

Asalam alaykum "As for those who disbelieve, I will punish them with a severe punishment, in this world and the next, and they will have no helpers. And as for those who believe and do good works, He will give them their rewards in full. God does not love the unjust.” This is what We recite to you of the Verses and the Wise Reminder. The likeness of Jesus in God’s sight is that of Adam: He created him from dust, then said to him, “Be,” and he was." Quran 3:56-59 Ma salam.

Islam and Business Finance

Search This Blog