service

  

Definitions (4)

1. Valuable action, deed, or effort performed to satisfy a need or to fulfill a demand. See services for details.

2. Aspect of maintenance. See servicing for details.

3. Formal delivery of a notice, summons, or writ.

4. Payment of interest or loan installment, or dividends, as scheduled.

Featured Tip

Identify the Most Profitable Clients

Do an analysis of how profitable each of your customers are. Often, the results will surprise you, because the biggest customers can often be less profitable than initially thought once all the time spent catering to their unique manufacturing and service requests is taken into account. Focus on the most profitable clients and figure out a way to make the less profitable ones more profitable. And once you have done this analysis on your business, do it on your competitors and go heavily after your competitor's most profitable clients. Leave them with the low-margin fruit.

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