Fear and Loathing- Dumping your Head Trash around Profit
Money and particularly people’s attitude towards it is one of the most divisive subjects in the modern world. Nearly every day the media will carry stories about it, we will discuss it with friends and family, we will worry about it, enjoy it, spend it and save it, there is no other abstract principle in…
The 7 Top Excuses of Unprofitable Businesses
In our last blog we mentioned the remarkable fact that 80% of business owners don’t have a grasp of the numbers that underpin and propel their business forward, and that as a result many were nowhere near as profitable as they should be. In this blog we are going to take a look at the…
80% of Business Owners don’t know this
Did you know that incredibly 80% of business owners don’t have a firm grasp of the numbers that are in fact the very lifeblood of their business? I find this both fascinating and worrying. Fascinating because I understand the power that understanding the numbers in your business can have, particularly in propelling sales growth and…
Your First Step to a Profitable Small Business
If you are reading this you are probably a small business owner, and if it was the title that attracted you to open this blog there’s also a pretty good chance that your small business isn’t as profitable as you dreamt it would be when you took the plunge. A common complaint for small business…
Profit Accelerator Formula – Turn Your Business Into A Profit Powerhouse
The five key areas that a business must focus on to get more of what it wants being “More Customers”, “More Revenue” and “More Profit” is revealed in a simple and easy to understand way in my best-selling book Profit Rocket: The five key focus areas to skyrocket your profit. In Profit Rocket you’ll learn:…
“Operating Profit” defined and 5 ways to improve it
Operating profit is defined as the profit generated from the normal core activities of a business. If you like, it’s the profit generated from the “bread and butter” business activities for a given business. This profit doesn’t take account of profit from investment activities or from income from other partially owned businesses. For example, for…
Why Profit & Loss Matters
Profit really does matter in business. Unless a business is making a cash profit it will ultimately fail. By cash profit, it means cash actually received in the bank account of a business from revenue that generates a profit for that business. This is very different from accrued profit, which is the revenue that has…
7 Ways To Increase Company Profits
The key to increasing company profits is to focus on the actual margins being achieved on the revenue or income being generated by the company from its activities. Company profit margins may be increased, depending on the underlying business and industry itself by any of the following seven strategies: Increase selling prices – company profit…
3 Simple Ways To Become More Profitable
Being profitable is the key to success for any business. Your business can become more profitable by doing any of the following three actions 1. Increase the selling prices of your products or services This is not always possible and depends on what type of business you are operating and the competitive landscape. If you…
What Is Profitability And 4 Questions You Need To Ask Yourself Now
The answer to the question “What is Profitability?” at a very basic level is the charging of clients or customers an amount for your products and services that is greater than the amount of actually providing the products or services. The key question you must first ask yourself is whether the revenue you are generating…
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