Many women brag about their revenue but shy away from discussing their profitability. Linda Holden makes this wise statement about profit, “The only thing worse than doing nothing is doing something for nothing.”

How about you? Are you working for next to nothing? If so, consider these five ways to drive profitability.

5 Ways to Drive Your Profit

Now that we see clear signs of the economy turning around, maybe it’s time to consider raising your rates. Only you can tell if the timing is right, but if your customers are starting to provide you with greater requests for your product or service, this may be the time.

Here are five approaches to increase your rates. You don’t have to use them all, but if you use even one or two, you’ll see an immediate increase in profitability.

Five Approaches to Increase Your Rates

The way you price your products or services can make or break your business. Your pricing needs to be competitive, yet profitable. What’s the best way to arrive at that?

Here are five ways to increase your profitability through smart pricing.

Five Approaches to More Profitable Pricing

When someone on your staff has a performance problem, it will have a negative effect on every member of your team. (Note here that I don’t say “can” but “will.”) Correcting that problem creates a win for you, a win for the employee with the problem, and a win for every other employee who works with that person.

Here is a five-step process to address employee performance problems.

Five-Step Process to Address Employee Performance Problems

Even in a good hiring market, it’s often difficult to sort out good job candidates from great ones. Here are a few things you might consider in making your next hire.

Five Things to Look for in Hiring Great Employees

There are three key components to a successful business: Product/service, customers and employees. If you’ve got all the customers in the world and a great product, but your staff doesn’t have the right stuff, your business will never be totally successful.

Here is a five step strategy for creating a recruiting process to guarantee a great team.

5-Step Recruiting Strategy

Last week we looked at some questions to ask your customers. This week, research your company from the inside out by asking your staff what they think.

Be sure they know that you’re not looking for the “life is wonderful” answer here, but the real truth—the good, the bad and the ugly!

Here are a few questions to start with.

5 Questions to Ask Your Staff

One of my fondest memories in business was a period of four years when I had zero employee turnover among 40+ employees. This was in a technical business in a highly-competitive market.

One of the keys to my zero turnover was recognizing that every member of my staff was looking for something different, whether it be career growth, income growth, work/life balance or recognition. Once I determined the most important factor for each individual, I just provided that.

Here are a few of the specific tactics I used to retain my best employees.

5 Ways to Keep Your Best Employees

Most women business owners want to run a successful business while being popular with their employees. Although this is sometimes difficult, you can have a great relationship with your staff while running a profitable business.

Five Ways to Be an Effective Yet Likeable CEO

One way to enhance both your bottom line as well as your personal life is to create a healthier work environment. You may not be able to make all the changes listed here, but every one you implement will benefit you, your employees and your customers.

Five Steps to Make Your Work Environment Healthier