Put Your Profit First
Any bookkeeper / accountant can do your taxes and reconcile your books. But how many will actually drive profitability in your business? At SJC+0 I will help turn your business into a profit-making machine.
The GAAP (Generally Accepted Accounting Principles) formula for determining a business’s profit is SALES – EXPENSES = PROFIT.
It is simple, logical and clear. Unfortunately, it’s a lie.
The formula, while logically accurate, does not account for human behaviour. In the GAAP formula profit is a left over, a final consideration, something that is hopefully a nice surprise at the end of the year. Alas, the profit is rarely there, and the business continues on its cash in to cash out survival.
Putting Profit First allows you flip the formula to SALES – PROFIT = EXPENSES.
Logically the maths is the same, but from the standpoint of the entrepreneur’s behaviour it is radically different.
By putting Profit First you take a predetermined percentage of profit from every sale first, and only the remainder is allowed for expenses.
Sounds simple right?
It is, I can give you all the tools and systems to help implement this system within your business.
As they say though the proof is in the pudding.
Get in touch to arrange a free profit maximiser session. I will assess where you stand now and give you actions that you can immediately use to grow your profits.
I’m confident that you will be so impressed by what I can do for you, you will want to work with me going forward.