“I’ve got revenue, but where is the profit?”
All this pain and uncertainty uncertainty around profits is a result of a lack of a plan.
Most people are taught that -
So if this were the formula for profit, what are the two ways you can increase your profit?
Making more profit just isn’t a two dimensional formula. Making more sales (on products with low / no margins) will send you broke and blindly reducing expenses can find you cutting the very expenses that are make you money.
Few people are familiar with the real formula for profit (as we are never taught this in schools). This profit formula actually gives you 7 ways you can dramatically increase your profit and business value!
7 ways to dramatically
Increase Your Profit
FreeSmall business big profits strategy map
This Strategy Map contains over 460 different strategies, and is valued on its own at $295.
If you implement the
new profit formula,
you will -
power of 10
If you were to work out your numbers using this equation and then focus on strategies to improve each key area then you would have a vastly different result.
Consider the numbers for an example marketing agency -
If we were to make a 10% improvement on all areas then you would have a 43% increase in revenue. Let me explain…
Apply the same process 2 years in a row and you will experience a
That is the incredible power of 10.
Small changes to the numbers that matter most can make a radical impact to your revenue, profit and business value.
Thinking of Changing Accountants?
Proactive tax advice and lodgement service for small business, that aims to pay for itself in tax saved.