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Increasing Profits with Mid-Year Adjustments

Mid-year adjustments to business plans help many companies improve their tactics while staying on track with long-term initiatives. While many businesses only have impromptu approaches to adjusting business plans, a more structured approach provides flexibility and focuses concentration on the right levers of profitability. Checking in on mid-year financials allows executives and decision makers to not only see how the business is performing, but also to see how their plans are faring mid-year and determine any variances. Furthermore, the ability to identify the root cause of the variance and make a thoughtful adjustment to the business strategy is crucial to optimize business performance and drive profits.

Read more at Forbes Magazine >