6 Proven Ways to Improve Business Profits for this Financial Year
- Future Accounting
- Jul 17
- 3 min read
The new financial year is the perfect time to reset and refocus. With rising input costs, unpredictable energy prices, and workforce pressures still affecting many industries, now is the time to take a strategic look at your business.
Sharpening your systems, streamlining your processes, and setting clear profit goals can help you take control and boost your bottom line in the year ahead.
Here are 6 practical, profit-boosting strategies to consider for your business in 2025.
1. Save time and money by automating simple tasks
If you're still doing things by hand - like staff rosters, time sheets, or invoicing - you're probably spending more time (and money) than you need to.
Automation doesn’t have to mean a massive tech overhaul. Start small by adding tools that work with the systems you already have.
A few simple ideas:
Less manual work means more time for your team to focus on what matters - and better results without growing your overheads.
2. Cut energy use and lower your power bills
With energy prices remaining unpredictable, energy efficiency can be a hidden goldmine. Whether you run a warehouse, café, clinic or farm, every kilowatt matters. According to the Australian Energy Regulator (AER), small businesses using energy-efficient upgrades saw reductions in power bills by up to 25%.
Start by:
Switching to LED lighting.
Using timers and motion sensors for lighting and heating.
Considering solar panels or battery storage where viable.
Auditing off-peak energy usage.
If you’re operating 24/7 - such as in logistics or manufacturing - your gains could be even greater.
3. Find and fix waste
Waste isn’t just what ends up in the bin. It’s anything you’re spending time or money on that doesn’t add value.
That might be over-ordering stock, rostering too many staff during quiet periods, or paying for software no one uses anymore.
A few areas to look at:
Stock: Are you buying more than you sell?
Staffing: Could rosters be adjusted to match your busy times?
Process: Are you repeating steps or creating unnecessary delays?
Small fixes here and there can really add up - especially when it comes to lowering your cost of goods or day-to-day running costs.
4. Improve your output without compromising quality
It’s not always about working harder - but working smarter.
If you can find ways to improve how you deliver your product or service, you can boost your output without sacrificing quality or burning out your team.
Consider:
Upgrading old equipment that’s slowing you down.
Cross-training your team so they can jump in where needed.
Trying software that removes double-handling or clunky processes.
Think about how you can get more value out of each hour worked - that’s where real gains can be made.
5. Look at your prices and profit margins
It might feel a bit uncomfortable, but reviewing your prices can have a big impact. Even a small price rise - if handled well - can make a big difference to your profit.
Start by asking:
Are you priced fairly for what you offer?
Can you add value to justify a slightly higher price?
Do your customers care more about quality, service, or price?
Even a 1–2% increase can lift your profits without losing loyal customers.
6. Review and trim unnecessary costs
It’s easy for small costs to add up - especially subscriptions, software, or supplier contracts you set up ages ago.
Now’s the time to:
Cancel tools or services no one uses anymore.
Review contracts to make sure they still suit your business.
Ask if there are bundling options or discounts for loyal customers.
A quick expense review can often uncover savings you didn’t realise were hiding in plain sight.
Next Steps: building your profit plan
Want a fresh set of eyes to help you spot savings, boost margins, or simply get a clear plan in place?
Book a 30-minute clarity call and we can help you:
Identify quick wins you can action straight away.
Create a tailored Profit Improvement Action Plan.
Find ways to grow your margins and business value this year.
Let’s make this financial year your most profitable yet.
